U.S. net farm income in 2024: Revisions between the September 2024 forecast and December 2024 forecast

Billion dollars

Floating bar chart with 9 items.

Item 1, Net farm income 2024F (as of September 2024) value of 139.98062.
Item 2, Crop receipts value of -2.778428.
Item 3, Value of crop inventory change value of -3.892529.
Item 4, Animals/products receipts value of 3.19298.
Item 5, Value of animals/ products inventory change value of -0.47063.
Item 6, Production expenses value of 3.578468.
Item 7, Government payments value of 0.18121.
Item 8, All other changes value of 0.927477.
Item 9, Net farm income 2024 (as of December 2024) value of 140.71918.

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

Source: USDA, Economic Research Service, Farm Income and Wealth Statistics. Data as of December 3, 2024.