U.S. net farm income and net cash farm income, inflation adjusted, 2002–2023F

Billion dollars (2023)

Line graph with 4 lines and 22 points per line.

Line 1, Net farm income.
Point 1, 2002 is 63.059216.
Point 2, is 96.29341.
Point 3, is 134.4668.
Point 4, 2005 is 117.48658.
Point 5, is 83.09002.
Point 6, is 98.61394.
Point 7, 2008 is 107.812195.
Point 8, is 85.39794.
Point 9, is 104.6295.
Point 10, 2011 is 150.96867.
Point 11, is 125.77482.
Point 12, is 158.61862.
Point 13, 2014 is 116.122.
Point 14, is 101.82669.
Point 15, is 76.9353.
Point 16, 2017 is 90.981926.
Point 17, is 95.82619.
Point 18, is 92.004456.
Point 19, 2020 is 108.250465.
Point 20, is 154.5793.
Point 21, is 167.33757.
Point 22, 2023F is 136.87386.
Line 2, Net cash farm income.
Point 1, 2002 is 81.905266.
Point 2, is 113.935875.
Point 3, is 128.69724.
Point 4, 2005 is 129.25555.
Point 5, is 99.01017.
Point 6, is 109.003586.
Point 7, 2008 is 117.30211.
Point 8, is 102.13377.
Point 9, is 130.68195.
Point 10, 2011 is 163.76044.
Point 11, is 176.48575.
Point 12, is 174.51422.
Point 13, 2014 is 165.30554.
Point 14, is 133.14958.
Point 15, is 117.99303.
Point 16, 2017 is 122.66646.
Point 17, is 121.322655.
Point 18, is 124.47098.
Point 19, 2020 is 133.92403.
Point 20, is 164.07675.
Point 21, is 195.28316.
Point 22, 2023F is 150.55975.
Line 3, 2002-21 average NCFI.
Point 1, 2002 is 130.47975.
Point 2, is 130.47975.
Point 3, is 130.47975.
Point 4, 2005 is 130.47975.
Point 5, is 130.47975.
Point 6, is 130.47975.
Point 7, 2008 is 130.47975.
Point 8, is 130.47975.
Point 9, is 130.47975.
Point 10, 2011 is 130.47975.
Point 11, is 130.47975.
Point 12, is 130.47975.
Point 13, 2014 is 130.47975.
Point 14, is 130.47975.
Point 15, is 130.47975.
Point 16, 2017 is 130.47975.
Point 17, is 130.47975.
Point 18, is 130.47975.
Point 19, 2020 is 130.47975.
Point 20, is 130.47975.
Point 21, is 130.47975.
Point 22, 2023F is 130.47975.
Line 4, 2002-21 average NFI.
Point 1, 2002 is 108.1369.
Point 2, is 108.1369.
Point 3, is 108.1369.
Point 4, 2005 is 108.1369.
Point 5, is 108.1369.
Point 6, is 108.1369.
Point 7, 2008 is 108.1369.
Point 8, is 108.1369.
Point 9, is 108.1369.
Point 10, 2011 is 108.1369.
Point 11, is 108.1369.
Point 12, is 108.1369.
Point 13, 2014 is 108.1369.
Point 14, is 108.1369.
Point 15, is 108.1369.
Point 16, 2017 is 108.1369.
Point 17, is 108.1369.
Point 18, is 108.1369.
Point 19, 2020 is 108.1369.
Point 20, is 108.1369.
Point 21, is 108.1369.
Point 22, 2023F is 108.1369.

Note: F = forecast. Data for 2022 and 2023 are forecasts. Values are adjusted for inflation using the U.S. Bureau of Economic Analysis Gross Domestic Product Price Index (BEA API series code: A191RG) rebased to 2023 by USDA, Economic Research Service.

Source: USDA, Economic Research Service, Farm Income and Wealth Statistics. Data as of February 7, 2023.