Final estimates put U.S. net farm income for 1994 at $46.7 billion, up 11 percent ($4.7 billion) from the previous year. At the same time, farm debt reached nearly $147 billion, its highest level since 1986. Those are some highlights from this omnibus economic report, which combines three reports from ERS’ Economic Indicators of the Farm Sector series that were previously published separately: National Financial Summary, State Financial Summary, and Costs of Production—Major Field Crops, & Livestock and Dairy.