Farm income and losses of U.S. farm sole proprietors reported for tax purposes, 1998-2018

$ billion

Line/Stacked Bar combo chart with 21 groups, 1 line and 2 bars per group.

Group 1, 1998, Total value of -7.9 for the stacked bars.
Bar 1, Losses from farming value of -16.7 which is 211.4% of 1998.
Bar 2, Income from farming value of 8.8 which is -111.4% of 1998.
Line 1, Net farm income -7.9.
Group 2, 1999, Total value of -6.2 for the stacked bars.
Bar 1, Losses from farming value of -15.4 which is 248.4% of 1999.
Bar 2, Income from farming value of 9.2 which is -148.4% of 1999.
Line 1, Net farm income -6.2.
Group 3, 2000, Total value of -9 for the stacked bars.
Bar 1, Losses from farming value of -17.3 which is 192.2% of 2000.
Bar 2, Income from farming value of 8.3 which is -92.2% of 2000.
Line 1, Net farm income -9.
Group 4, 2001, Total value of -11 for the stacked bars.
Bar 1, Losses from farming value of -18.7 which is 170.0% of 2001.
Bar 2, Income from farming value of 7.7 which is -70.0% of 2001.
Line 1, Net farm income -11.
Group 5, 2002, Total value of -14.4 for the stacked bars.
Bar 1, Losses from farming value of -20.7 which is 143.8% of 2002.
Bar 2, Income from farming value of 6.3 which is -43.8% of 2002.
Line 1, Net farm income -14.4.
Group 6, 2003, Total value of -12.3 for the stacked bars.
Bar 1, Losses from farming value of -19.8 which is 161.0% of 2003.
Bar 2, Income from farming value of 7.5 which is -61.0% of 2003.
Line 1, Net farm income -12.3.
Group 7, 2004, Total value of -13.2 for the stacked bars.
Bar 1, Losses from farming value of -20.6 which is 156.1% of 2004.
Bar 2, Income from farming value of 7.4 which is -56.1% of 2004.
Line 1, Net farm income -13.2.
Group 8, 2005, Total value of -12.2 for the stacked bars.
Bar 1, Losses from farming value of -20.7 which is 169.7% of 2005.
Bar 2, Income from farming value of 8.5 which is -69.7% of 2005.
Line 1, Net farm income -12.2.
Group 9, 2006, Total value of -15.3 for the stacked bars.
Bar 1, Losses from farming value of -23 which is 150.3% of 2006.
Bar 2, Income from farming value of 7.7 which is -50.3% of 2006.
Line 1, Net farm income -15.3.
Group 10, 2007, Total value of -19 for the stacked bars.
Bar 1, Losses from farming value of -24.6 which is 129.5% of 2007.
Bar 2, Income from farming value of 5.6 which is -29.5% of 2007.
Line 1, Net farm income -19.
Group 11, 2008, Total value of -14.9 for the stacked bars.
Bar 1, Losses from farming value of -26.6 which is 178.5% of 2008.
Bar 2, Income from farming value of 11.7 which is -78.5% of 2008.
Line 1, Net farm income -14.9.
Group 12, 2009, Total value of -14.1 for the stacked bars.
Bar 1, Losses from farming value of -25.7 which is 182.3% of 2009.
Bar 2, Income from farming value of 11.6 which is -82.3% of 2009.
Line 1, Net farm income -14.1.
Group 13, 2010, Total value of -11.7 for the stacked bars.
Bar 1, Losses from farming value of -24 which is 205.1% of 2010.
Bar 2, Income from farming value of 12.3 which is -105.1% of 2010.
Line 1, Net farm income -11.7.
Group 14, 2011, Total value of -9.6 for the stacked bars.
Bar 1, Losses from farming value of -24.2 which is 252.1% of 2011.
Bar 2, Income from farming value of 14.6 which is -152.1% of 2011.
Line 1, Net farm income -9.6.
Group 15, 2012, Total value of -5.5 for the stacked bars.
Bar 1, Losses from farming value of -23.7 which is 430.9% of 2012.
Bar 2, Income from farming value of 18.2 which is -330.9% of 2012.
Line 1, Net farm income -5.5.
Group 16, 2013, Total value of -7.8 for the stacked bars.
Bar 1, Losses from farming value of -25.1 which is 321.8% of 2013.
Bar 2, Income from farming value of 17.3 which is -221.8% of 2013.
Line 1, Net farm income -7.8.
Group 17, 2014, Total value of -8.3 for the stacked bars.
Bar 1, Losses from farming value of -24.6 which is 296.4% of 2014.
Bar 2, Income from farming value of 16.3 which is -196.4% of 2014.
Line 1, Net farm income -8.3.
Group 18, 2015, Total value of -14 for the stacked bars.
Bar 1, Losses from farming value of -27.5 which is 196.4% of 2015.
Bar 2, Income from farming value of 13.5 which is -96.4% of 2015.
Line 1, Net farm income -14.
Group 19, 2016, Total value of -17.7 for the stacked bars.
Bar 1, Losses from farming value of -29.2 which is 165.0% of 2016.
Bar 2, Income from farming value of 11.5 which is -65.0% of 2016.
Line 1, Net farm income -17.7.
Group 20, 2017, Total value of -19.2 for the stacked bars.
Bar 1, Losses from farming value of -30.4 which is 158.3% of 2017.
Bar 2, Income from farming value of 11.2 which is -58.3% of 2017.
Line 1, Net farm income -19.2.
Group 21, 2018, Total value of -23.4 for the stacked bars.
Bar 1, Losses from farming value of -34.2 which is 146.2% of 2018.
Bar 2, Income from farming value of 10.8 which is -46.2% of 2018.
Line 1, Net farm income -23.4.

Note: Net farm income is calculated as income from farming minus losses from farming. Source: USDA, Economic Research Service using data from Internal Revenue Service, Statistics of Income, taxable profits and losses from farming, Schedule F (Form 1040).