TeachMeFinance.com - explain Gross farm income
Gross farm income The term 'Gross farm income ' as it applies to the area of agriculture can be defined as ' The monetary and non-monetary income received by farm operators. Its main components include cash receipts from the sale of farm products, government payments, other farm income (such as income from custom work), value of food and fuel produced and consumed on the same farm, rental value of farm dwellings, and change in value of year-end inventories of crops and livestock'.
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