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Farm Household Economics and Well-Being: Recommended Data

Contents
 

ARMS Farm Financial and Crop Production Practices—Use this dynamic web-based data delivery tool to learn about agriculture online: farming practices, commodity production costs and returns, the economics of the farm business, the structure of American farming, and the characteristics of the American farm household. Get tailored reporting on agricultural production technology, farm business viability, and the structure of U.S. agriculture from the very latest information gleaned from ARMS—including, for the first time, data for 15 selected States as well as the nation as a whole. This new tool provides one-stop shopping, centralizing access to all ARMS data, including that previously provided in the Farm Financial Management and the Crop Production Practices data products.

Historic Data on Farm Operator Household Income—Operator household income data from 1960 forward.

Farm Income provides farm income forecasts, updated regularly, and farm income estimates, released once a year. Forecasts are developed using an economic accounting model that generates forecasts of value-added and farm income, plus component accounts of cash receipts and production expenditures, for the national farm sector. Estimates are derived from survey data gathered by USDA's National Agricultural Statistics Service and other national institutions over the course of the year.

Farm Balance Sheet accounts include assets, debt, and equity, (equity equals assets minus debt), and are used to assess wealth in the farm sector. Both operators' and landlords' shares of the assets and debt for the farming operation are included. The financial ratios presented provide useful indicators of the farm sector's financial performance.

 

For more information, contact: Mary Ahearn

Web administration: webadmin@ers.usda.gov

Updated date: August 31, 2010