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National financial summary, 1988



National financial summary, 1988



Economic Indicators of the Farm Sector, National Financial Summary ( ECIFS 8-1): vii + 82pp.



Net farm income in the USA fell by 3% in 1988 to $45 700 million while net cash income rose 4% to $59 900 million. Both income concepts reflect cash income minus expenses. But, unlike net cash income, net farm income takes into account non-cash items, such as the value of change in inventories. In 1988, the selling of crop inventories at high market prices (triggered by severe drought in some farm States) raised net cash income.

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