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NAL Agricultural Thesaurus
U.S. Department of Agriculture

Concept Breadcrumbs

Fields of Study > economics > agricultural economics > agricultural income > farm income > net farm income
Economics, Trade, Law, Business, Industry > economics > agricultural economics > agricultural income > farm income > net farm income
Fields of Study > economics > economic resources > income and wealth > income > agricultural income > farm income > net farm income
Economics, Trade, Law, Business, Industry > economics > economic resources > income and wealth > income > agricultural income > farm income > net farm income
Preferred Term:

net farm income

Definition:
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.
Concept Schemes:
NALT Full
Broader Concept:
farm income
Related Concepts:
URI:
https://lod.nal.usda.gov/nalt/39494
Download this Concept:
RDF/XMLCreated 2006-01-19, last modified 2016-03-22