U.S. net farm income in 2021: Revisions between the December 2021 forecast and February 2022 forecast

$ billion

Bar chart with 9 items.

Item 1, Net farm income 2021F (as of December 2021), value of 116.819.
Item 2, Crop receipts, value of 3.644.
Item 3, Value of crop inventory change, value of 1.892.
Item 4, Animals/products receipts, value of 1.663.
Item 5, Value of animals/ products inventory change, value of -0.282.
Item 6, Production expenses, value of -3.873.
Item 7, Government payments, value of -0.071.
Item 8, All other changes, value of -0.684.
Item 9, Net farm income 2021F (as of February 2022), value of 119.108.

Note: F = forecast. Components may not sum to total revision because of rounding.

Source: USDA, Economic Research Service, Farm Income and Wealth Statistics. Data as of February 4, 2022.