farm income
Money from crops
Farm income is money earned from agricultural operations—crop sales, livestock, dairy, and related activities.
It typically distinguishes revenue from farming versus other sources like wages or investments.
Their farm income dropped after the drought.
Tax law treats farm income specially, allowing deductions and averaging provisions unique to agricultural businesses.
- commodity pricesCost of traded raw goods
- cash cropProduce grown for sale
- agricultural subsidiesGovernment payments to farmers
- commercial farmingProfit-driven food production
- subsidiesFinancial aid from government
sharecropper · subsistence farming · mixed farming · dairy production · tenant · agribusiness · trade agreements · vertical farming · poultry farming · operating expenses · bottom line · commodity markets · agricultural economy · trade tariffs · land prices · crop rotation · growing season · environmental regulations
- incomesalary, earnings, wages, pay, net earnings
- farm economicscrop prices, crop insurance, crop yields, crop failure, harvest yield
- farm financecrop insurance, subsidies, operating loan, crop yield, land value
- farm accountingexpense tracking, cash flow, balance sheets, profit and loss, accounts payable
- farm creditland banks, land loans, emergency loans, loan guarantees, credit access
- farm policycrop insurance, crop subsidies, disaster aid, drought relief, price controls