Skip to main content
An official website of the United States government.

Official websites use .gov
A .gov website belongs to an official government organization in the United States.

Secure .gov websites use HTTPS
A lock ( ) or https:// means you've safely connected to the .gov website. Share sensitive information only on official, secure websites.

Concept information

Preferred term

net farm income

Type

  • Topic

Definition

  • Information A measurement of the profit or loss associated with a given year's production. It is an approximation of the net value of agricultural production, regardless of whether the commodities were sold, fed, or placed in inventory during the year. Net farm income equals the difference between gross farm income and total expenses. It includes nonmoney items such as depreciation, the consumption of farm-grown food, and the net imputed rental value of operator dwellings. Additions to inventory are treated as income.

Broader concept

In other languages

URI

https://lod.nal.usda.gov/nalt/39494

Download this concept:

RDF/XML TURTLE JSON-LD Created 1/19/06, last modified 3/22/16