Publisher's Synopsis
Excerpt from Farm Income Situation, Vol. 203: July 1966
The Nation's farmers realized a record gross farm income of $1lll.9 billion in 1965 compared with billion in With a substantially larger increase in gross income than in farm production expenses, realized net farm income rose billion last year to a level of billion, the highest since 1951. The 1965 level was billion, or some 21 percent, higher than in 1960.
Realized net income per farm from farming in 1965 was a record high compared with in Most of the increase resulted from the large gain in aggregate realized net farm income. But, farm numbers also continued to decline. Compared with 1960, average net income realized per farm in 1965 was some l+2 percent higher.
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