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Are the ERS income estimates comparable to income reported by farmers to the Internal Revenue Service?

April 26, 2017comparable economic research service ers estimates farmers income internal revenue service reported u.s. department of agriculture usda

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Are the ERS income estimates comparable to income reported by farmers to the Internal Revenue Service?

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A. No. The conceptual framework underlying the ERS value-added accounts through which farm income is estimated is consistent with the BEA’s national income accounting. Also, data are not available to duplicate taxable income accounting because of confidentiality requirements associated with tax filings.