Billion 2024 dollars
Line graph with 4 lines and 22 points per line.
Line 1, Net farm income.
Point 1, 2003 is 98.89704.
Point 2, 2004 is 138.1036.
Point 3, 2005 is 120.66335.
Point 4, 2006 is 85.33683.
Point 5, 2007 is 101.277214.
Point 6, 2008 is 110.72368.
Point 7, 2009 is 87.70469.
Point 8, 2010 is 107.46312.
Point 9, 2011 is 155.07153.
Point 10, 2012 is 129.20276.
Point 11, 2013 is 163.00833.
Point 12, 2014 is 119.47466.
Point 13, 2015 is 104.86413.
Point 14, 2016 is 79.259384.
Point 15, 2017 is 93.82767.
Point 16, 2018 is 99.963684.
Point 17, 2019 is 96.80464.
Point 18, 2020 is 113.821175.
Point 19, 2021 is 161.33868.
Point 20, 2022 is 196.4201.
Point 21, 2023F is 159.24846.
Point 22, 2024F is 116.11159.
Line 2, Net cash farm income.
Point 1, 2003 is 117.016525.
Point 2, 2004 is 132.17801.
Point 3, 2005 is 132.75055.
Point 4, 2006 is 101.68748.
Point 5, 2007 is 111.94745.
Point 6, 2008 is 120.46987.
Point 7, 2009 is 104.892586.
Point 8, 2010 is 134.22113.
Point 9, 2011 is 168.21092.
Point 10, 2012 is 181.29579.
Point 11, 2013 is 179.34381.
Point 12, 2014 is 170.07823.
Point 13, 2015 is 137.12137.
Point 14, 2016 is 121.55738.
Point 15, 2017 is 126.503235.
Point 16, 2018 is 125.55612.
Point 17, 2019 is 129.54092.
Point 18, 2020 is 139.74712.
Point 19, 2021 is 171.39317.
Point 20, 2022 is 214.12965.
Point 21, 2023F is 163.92299.
Point 22, 2024F is 121.70215.
Line 3, 2003-22 average NCFI.
Point 1, 2003 is 140.98207.
Point 2, 2004 is 140.98207.
Point 3, 2005 is 140.98207.
Point 4, 2006 is 140.98207.
Point 5, 2007 is 140.98207.
Point 6, 2008 is 140.98207.
Point 7, 2009 is 140.98207.
Point 8, 2010 is 140.98207.
Point 9, 2011 is 140.98207.
Point 10, 2012 is 140.98207.
Point 11, 2013 is 140.98207.
Point 12, 2014 is 140.98207.
Point 13, 2015 is 140.98207.
Point 14, 2016 is 140.98207.
Point 15, 2017 is 140.98207.
Point 16, 2018 is 140.98207.
Point 17, 2019 is 140.98207.
Point 18, 2020 is 140.98207.
Point 19, 2021 is 140.98207.
Point 20, 2022 is 140.98207.
Point 21, 2023F is 140.98207.
Point 22, 2024F is 140.98207.
Line 4, 2003-22 average NFI.
Point 1, 2003 is 118.161316.
Point 2, 2004 is 118.161316.
Point 3, 2005 is 118.161316.
Point 4, 2006 is 118.161316.
Point 5, 2007 is 118.161316.
Point 6, 2008 is 118.161316.
Point 7, 2009 is 118.161316.
Point 8, 2010 is 118.161316.
Point 9, 2011 is 118.161316.
Point 10, 2012 is 118.161316.
Point 11, 2013 is 118.161316.
Point 12, 2014 is 118.161316.
Point 13, 2015 is 118.161316.
Point 14, 2016 is 118.161316.
Point 15, 2017 is 118.161316.
Point 16, 2018 is 118.161316.
Point 17, 2019 is 118.161316.
Point 18, 2020 is 118.161316.
Point 19, 2021 is 118.161316.
Point 20, 2022 is 118.161316.
Point 21, 2023F is 118.161316.
Point 22, 2024F is 118.161316.
Note: F = forecast; data for 2023 and 2024 are forecasts. Values are adjusted for inflation using the U.S. Department of Commerce, Bureau of Economic Analysis, Gross Domestic Product Price Index (BEA API series code: A191RG) rebased to 2024 by USDA, Economic Research Service.
Source: USDA, Economic Research Service, Farm Income and Wealth Statistics. Data as of February 7, 2024.