Thursday, February 20, 2014

U.S. Farm Income

" According to USDA’s Economic Research Service (ERS), national net farm income—a key indicator of U.S. farm well-being—is forecast at a record $131 billion in 2013, up 15% from last year, and about $13 billion above 2011’s previous record.

In addition to record net farm income, farm wealth is also at record levels. Farm asset values— which reflect farm investors’ and lenders’ expectations about long-term profitability of farm sector investments—are expected to rise nearly 7% in 2013 to a record $3,008 billion for a fifth consecutive year of gains..."
Farm Income

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