Illinois Cash Receipts Journal
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California ranks first in the U.S. for agricultural cash receipts followed by Iowa, Texas, Nebraska and Illinois. California ranks first in the United States for agricultural cash receipts followed by Iowa, Texas, Nebraska and Illinois.
USDA Forecasts Higher Farm Income in 2020 Net farm income was projected to rise 43.1% year-over-year in 2020 to $119.6 billion, up $36.0 billion from last year (Table 1). Net cash income (calculated on a cash-flow basis) was projected at $134.1 billion in 2020, up $24.7 billion or 22.6% from 2019.
In 2020 California's farms and ranches received $49.1 billion in cash receipts for their output. This represents a 3.3 percent decrease in cash receipts compared to the previous year. California agricultural exports totaled $21.7 billion in 2019, an increase of 3.4 percent from 2018.
Cattle and calves had the highest agricultural cash receipts in Kansas in 2019 followed by corn, soybeans, wheat & sorghum. Cattle and calves had the highest agricultural cash receipts in Kansas in 2019 followed by corn, soybeans, wheat & sorghum.
In 2020, the 10 largest sources of cash receipts from the sale of U.S.-produced farm commodities were (in descending order): cattle/calves, corn, soybeans, dairy products/milk, miscellaneous crops, broilers, hogs, wheat, chicken eggs, and hay.
In 2020, the 10 largest sources of cash receipts from the sale of U.S.-produced farm commodities were (in descending order): cattle/calves, corn, soybeans, dairy products/milk, miscellaneous crops, broilers, hogs, wheat, chicken eggs, and hay.
A cash receipt is a printed statement of the amount of cash received in a cash sale transaction. A copy of this receipt is given to the customer, while another copy is retained for accounting purposes. A cash receipt contains the following information: The date of the transaction.
2, projects cash receipts from the sales of crops and livestock will decline by $12 billion, or 3%, from 2019 to $358 billion. If realized, U.S. farm cash receipts will be at the lowest level in more than a decade, and $18 billion below the 10-year average of $376 billion.
Nebraska had the highest cash receipts for cattle in 2019 followed by Texas, Kansas, Iowa & Colorado. Nebraska was the only state in 2019 to have cash receipts for cattle over $10 billion. Nebraska, Texas & Kansas accounted for roughly 41% of the cash receipts for cattle in the United States in 2019.
Nebraska, Texas & Kansas accounted for roughly 41% of the cash receipts for cattle in the United States in 2019. Nebraska, Texas, Kansas, Iowa & Colorado accounted for roughly 53% of the cash receipts for cattle in the United States in 2019.
