An updated forecast by the USDA’s Economic Research Service shows that net farm income for 2011 will reach $103.6 billion, up $24.5 billion from 2010. All three measures of farm sector earnings (net farm income, net cash income, and net value added) are forecast to rise more than 20 percent in 2011. Net farm income, according to ERS, reflects income from production in the current year, whether or not sold within the calendar year, and is a measure of the increase in wealth from production.