Net farm income

{
  "id": "MLC-T-AGR-004389",
  "term": "Net farm income",
  "field": "Agriculture and food",
  "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.",
  "subject": "Economics, Trade, Law, Business, Industry",
  "see_also": [
    "farm income",
    "production costs"
  ],
  "references": [
    "Agriculture Fact Book, USDA",
    "NAL Agricultural Thesaurus and Glossary"
  ],
  "translations": {
    "es": "ingresos netos de finca o rancho"
  },
  "url": "https://mlchart.com/terminology/agriculture/net-farm-income/"
}