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July 6, 2022
Last week it was noted that U.S. gross cash farm income is forecast to be $512 billion in 2022. This is the aggregate revenue generated by the 2,019,000 farms in the country.
How does the gross cash income for all farms in the U.S. compare to large companies? A recent Agri Marketing magazine article listed 2021 revenues for selected ag-related businesses and several large corporations.
It is important to also realize that the scope and impact of the $512 billion farm income create multiple businesses and employment throughout the economy making food and agriculture a much more significant overall part of the nation's GDP.
Senior Vice President - Real Estate Operations
|Category: Agricultural Real Estate News|