Georgia - Net farm income per farm

Net farm income indicates the profit or loss associated with current production. It represents the return (both monetary and nonmonetary) to farm operators for their labor, management and capital, after all production expenses have been paid (that is, gross farm income minus production expenses). It includes net income from farm production as well as net income attributed to the rental value of farm dwellings, the value of commodities consumed on the farm, depreciation, and inventory changes.