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Source: Paul Neiffer, AGWEB, 10/16/19
The IRS each year provides a lot of data related to income and deductions reported by all taxpayers for each tax year. The latest data released by the IRS is for 2017. There were 1,799,262 Schedule F tax returns reported that year. These returns showed a cumulative loss of $19,166,242,000 (that is a billion not a million). There were 462,948 Form 4835's (crop share rental) reporting net income of $3,850,104,000 for this same year. For more of this story, click here.
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