(WASHINGTON, DC) USDA recently released the 2017 Census of Agriculture. Some interesting findings from the report come from the financial side of the survey. Farm expenses are $326 billion with feed, livestock purchased, hired labor, fertilizer and cash rents topping the list of farm expenses in 2017. Average farm income is $43,053 and a total of 43.6 percent of farms had positive net cash farm income in 2017. Ninety-six percent of farms and ranches are family owned. Farms with Internet access rose from just under 70 percent in 2012 to more than 75 percent. Finally, more than 133-thousand farms and ranches use renewable energy producing systems, more than double the amount five years earlier.
