Farm income


In United States agricultural policy, several measures are used to gauge farm income over a given period of time.
The income statement measures the profitability of a farm business for a particular period of time, usually one year. The balance sheet measures the wealth or financial position of the business at a particular point in time by reporting the farm’s assets, debt, and net worth.
The Economic Research Service publishes the income statement and balance sheet of the Nation’s farm sector, and the farm sector financial statement for each state.