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National & World Ag News Headlines |
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Farm Cash Receipts by Livestock Groups Among Highest of Farmers
USAgNet - 01/25/2023
U.S. farm cash receipts from animals and animal products totaled $195.8 billion in 2021, led by receipts for cattle and calves at $72.9 billion (37 percent).
Poultry and egg products made up the next largest share of 2021 cash receipts at $46.1 billion (24 percent), followed by dairy at $41.8 billion (21 percent), hogs at $28.0 billion (14 percent), and other animals and animal products at $7.0 billion (4 percent).
As part of its Farm Income and Wealth Statistics data product, each year in late August or early September, USDA, Economic Research Service (ERS) releases estimates of the prior year's farm sector cash receipts from agricultural commodity sales. These
data include cash receipt estimates by type of commodity, which can help in understanding the U.S. farm sector.
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