COVID-19 Working Paper: A Timely Tool for Evaluating Financial Conditions in Agriculture: USDA Forecasts of the Value of Production in the Face of COVID-19

by Carrie Litkowski and Jonathan Law

The USDA Economic Research Service releases farm income forecasts and updated estimates 3 times per year. Examining trends in the value of production more frequently can provide useful information on some of the impacts of unexpected events on the farm income forecasts.

For more information, see Farms and Farm Households During the COVID-19 Pandemic.

Keywords: farm income, agricultural production, value of production, World Agricultural Supply and Demand Estimates, WASDE, COVID-19

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