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Average farm debt and share of operations with some debt both increased with farm size, 2022

by Anil K. Giri and Dipak Subedi
7/2/2024

Farm Economy

Bar and line chart showing average debt of farm businesses holding some debt and share of farm businesses holding some debt.

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Total farm sector debt is expected to rise to more than half a trillion dollars in 2024, according to USDA, Economic Research Service farm income forecasts. Even so, solvency metrics suggest U.S. farm businesses have not become more financially stressed in recent years.

Average farm debt and share of operations with some debt both increased with farm size, 2022

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