U.S. gross cash farm income to fall slightly in 2021
Gross cash farm income is annual income before expenses and includes cash receipts, farm-related income, and Government farm program payments. Gross cash farm income is forecast at $451 billion in 2021, versus $341 billion (inflation-adjusted 2021 dollars) in 2001, with the increase across time largely because of higher cash receipts. If forecasts are realized, gross cash farm income would fall 1.8 percent in 2021, after increasing 4.6 percent in 2020.
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