U.S. farm sector debt, inflation adjusted, 1970–2025F

Billion 2025 dollars

Stacked area chart with 56 groups and 2 items per group.

Group 1, 1970.
Item 1, Real estate debt 173.12875.
Item 2, Non-real estate debt 135.14688.
Group 2, 1971.
Item 1, Real estate debt 174.36787.
Item 2, Non-real estate debt 145.16435.
Group 3, 1972.
Item 1, Real estate debt 181.95306.
Item 2, Non-real estate debt 154.93484.
Group 4, 1973.
Item 1, Real estate debt 193.43796.
Item 2, Non-real estate debt 173.60428.
Group 5, 1974.
Item 1, Real estate debt 199.58131.
Item 2, Non-real estate debt 177.11589.
Group 6, 1975.
Item 1, Real estate debt 201.95238.
Item 2, Non-real estate debt 183.49695.
Group 7, 1976.
Item 1, Real estate debt 212.12189.
Item 2, Non-real estate debt 199.73177.
Group 8, 1977.
Item 1, Real estate debt 229.99861.
Item 2, Non-real estate debt 216.55125.
Group 9, 1978.
Item 1, Real estate debt 244.09106.
Item 2, Non-real estate debt 232.60852.
Group 10, 1979.
Item 1, Real estate debt 269.29916.
Item 2, Non-real estate debt 254.95624.
Group 11, 1980.
Item 1, Real estate debt 277.86877.
Item 2, Non-real estate debt 251.43248.
Group 12, 1981.
Item 1, Real estate debt 279.6048.
Item 2, Non-real estate debt 249.46318.
Group 13, 1982.
Item 1, Real estate debt 271.3583.
Item 2, Non-real estate debt 244.50777.
Group 14, 1983.
Item 1, Real estate debt 264.6571.
Item 2, Non-real estate debt 237.76657.
Group 15, 1984.
Item 1, Real estate debt 264.08633.
Item 2, Non-real estate debt 227.6919.
Group 16, 1985.
Item 1, Real estate debt 237.55296.
Item 2, Non-real estate debt 197.09291.
Group 17, 1986.
Item 1, Real estate debt 208.08112.
Item 2, Non-real estate debt 166.34125.
Group 18, 1987.
Item 1, Real estate debt 183.08907.
Item 2, Non-real estate debt 151.4214.
Group 19, 1988.
Item 1, Real estate debt 165.22679.
Item 2, Non-real estate debt 145.35068.
Group 20, 1989.
Item 1, Real estate debt 154.35008.
Item 2, Non-real estate debt 139.77638.
Group 21, 1990.
Item 1, Real estate debt 146.31888.
Item 2, Non-real estate debt 137.34033.
Group 22, 1991.
Item 1, Real estate debt 141.17056.
Item 2, Non-real estate debt 134.83519.
Group 23, 1992.
Item 1, Real estate debt 138.90344.
Item 2, Non-real estate debt 130.32347.
Group 24, 1993.
Item 1, Real estate debt 136.78886.
Item 2, Non-real estate debt 131.68396.
Group 25, 1994.
Item 1, Real estate debt 136.82986.
Item 2, Non-real estate debt 135.07887.
Group 26, 1995.
Item 1, Real estate debt 137.4898.
Item 2, Non-real estate debt 136.60683.
Group 27, 1996.
Item 1, Real estate debt 140.1021.
Item 2, Non-real estate debt 139.59059.
Group 28, 1997.
Item 1, Real estate debt 145.28786.
Item 2, Non-real estate debt 145.06628.
Group 29, 1998.
Item 1, Real estate debt 152.098.
Item 2, Non-real estate debt 149.21672.
Group 30, 1999.
Item 1, Real estate debt 157.40602.
Item 2, Non-real estate debt 145.28366.
Group 31, 2000.
Item 1, Real estate debt 149.509.
Item 2, Non-real estate debt 139.77211.
Group 32, 2001.
Item 1, Real estate debt 152.72537.
Item 2, Non-real estate debt 141.65562.
Group 33, 2002.
Item 1, Real estate debt 166.74573.
Item 2, Non-real estate debt 151.09839.
Group 34, 2003.
Item 1, Real estate debt 162.2678.
Item 2, Non-real estate debt 139.44812.
Group 35, 2004.
Item 1, Real estate debt 169.02548.
Item 2, Non-real estate debt 151.58731.
Group 36, 2005.
Item 1, Real estate debt 179.21007.
Item 2, Non-real estate debt 149.78549.
Group 37, 2006.
Item 1, Real estate debt 173.00839.
Item 2, Non-real estate debt 156.1509.
Group 38, 2007.
Item 1, Real estate debt 195.7043.
Item 2, Non-real estate debt 161.99611.
Group 39, 2008.
Item 1, Real estate debt 215.70099.
Item 2, Non-real estate debt 165.0351.
Group 40, 2009.
Item 1, Real estate debt 211.5037.
Item 2, Non-real estate debt 177.29169.
Group 41, 2010.
Item 1, Real estate debt 220.57529.
Item 2, Non-real estate debt 178.76976.
Group 42, 2011.
Item 1, Real estate debt 234.53192.
Item 2, Non-real estate debt 178.54779.
Group 43, 2012.
Item 1, Real estate debt 238.73401.
Item 2, Non-real estate debt 170.96184.
Group 44, 2013.
Item 1, Real estate debt 250.6403.
Item 2, Non-real estate debt 176.20569.
Group 45, 2014.
Item 1, Real estate debt 261.8116.
Item 2, Non-real estate debt 197.47093.
Group 46, 2015.
Item 1, Real estate debt 275.36304.
Item 2, Non-real estate debt 195.16829.
Group 47, 2016.
Item 1, Real estate debt 295.23715.
Item 2, Non-real estate debt 193.59799.
Group 48, 2017.
Item 1, Real estate debt 303.11664.
Item 2, Non-real estate debt 197.82669.
Group 49, 2018.
Item 1, Real estate debt 308.28436.
Item 2, Non-real estate debt 196.7211.
Group 50, 2019.
Item 1, Real estate debt 330.6273.
Item 2, Non-real estate debt 188.23947.
Group 51, 2020.
Item 1, Real estate debt 351.44504.
Item 2, Non-real estate debt 185.81105.
Group 52, 2021.
Item 1, Real estate debt 377.8535.
Item 2, Non-real estate debt 174.52596.
Group 53, 2022.
Item 1, Real estate debt 363.47873.
Item 2, Non-real estate debt 175.83331.
Group 54, 2023.
Item 1, Real estate debt 361.5607.
Item 2, Non-real estate debt 183.00076.
Group 55, 2024F.
Item 1, Real estate debt 368.90634.
Item 2, Non-real estate debt 186.1823.
Group 56, 2025F.
Item 1, Real estate debt 374.2284.
Item 2, Non-real estate debt 187.59514.

Note: F = forecast; data for 2024 and 2025 are forecasts. Values are adjusted for inflation using the U.S. Department of Commerce, Bureau of Economic Analysis, Gross Domestic Product Price Index (BEA API series code: A191RG) rebased to 2025 by USDA, Economic Research Service.

Source: USDA, Economic Research Service, Farm Income and Wealth Statistics. Data as of February 6, 2025.