U.S. farm sector debt, inflation adjusted, 1970–2023F

Billion dollars (2023)

Stacked Bar chart with 54 groups and 2 items per group.

Group 1, 1970, Total value of 292.19235.
Item 1, Non-real estate debt value of 128.09602 which is 43.8% of 1970.
Item 2, Real estate debt value of 164.09631 which is 56.2% of 1970.
Group 2, 1971, Total value of 302.87866.
Item 1, Non-real estate debt value of 137.5986 which is 45.4% of 1971.
Item 2, Real estate debt value of 165.28008 which is 54.6% of 1971.
Group 3, 1972, Total value of 319.31677.
Item 1, Non-real estate debt value of 146.85388 which is 46.0% of 1972.
Item 2, Real estate debt value of 172.4629 which is 54.0% of 1972.
Group 4, 1973, Total value of 347.91647.
Item 1, Non-real estate debt value of 164.55815 which is 47.3% of 1973.
Item 2, Real estate debt value of 183.35834 which is 52.7% of 1973.
Group 5, 1974, Total value of 357.06348.
Item 1, Non-real estate debt value of 167.88449 which is 47.0% of 1974.
Item 2, Real estate debt value of 189.179 which is 53.0% of 1974.
Group 6, 1975, Total value of 365.3631.
Item 1, Non-real estate debt value of 173.93471 which is 47.6% of 1975.
Item 2, Real estate debt value of 191.4284 which is 52.4% of 1975.
Group 7, 1976, Total value of 390.3848.
Item 1, Non-real estate debt value of 189.32027 which is 48.5% of 1976.
Item 2, Real estate debt value of 201.06453 which is 51.5% of 1976.
Group 8, 1977, Total value of 423.25647.
Item 1, Non-real estate debt value of 205.25528 which is 48.5% of 1977.
Item 2, Real estate debt value of 218.00119 which is 51.5% of 1977.
Group 9, 1978, Total value of 451.84995.
Item 1, Non-real estate debt value of 220.48297 which is 48.8% of 1978.
Item 2, Real estate debt value of 231.36696 which is 51.2% of 1978.
Group 10, 1979, Total value of 496.93533.
Item 1, Non-real estate debt value of 241.66994 which is 48.6% of 1979.
Item 2, Real estate debt value of 255.26541 which is 51.4% of 1979.
Group 11, 1980, Total value of 501.72037.
Item 1, Non-real estate debt value of 238.33081 which is 47.5% of 1980.
Item 2, Real estate debt value of 263.38956 which is 52.5% of 1980.
Group 12, 1981, Total value of 501.4887.
Item 1, Non-real estate debt value of 236.45915 which is 47.2% of 1981.
Item 2, Real estate debt value of 265.02954 which is 52.8% of 1981.
Group 13, 1982, Total value of 488.96417.
Item 1, Non-real estate debt value of 231.75694 which is 47.4% of 1982.
Item 2, Real estate debt value of 257.20724 which is 52.6% of 1982.
Group 14, 1983, Total value of 476.24414.
Item 1, Non-real estate debt value of 225.37738 which is 47.3% of 1983.
Item 2, Real estate debt value of 250.86674 which is 52.7% of 1983.
Group 15, 1984, Total value of 466.14822.
Item 1, Non-real estate debt value of 215.82527 which is 46.3% of 1984.
Item 2, Real estate debt value of 250.32295 which is 53.7% of 1984.
Group 16, 1985, Total value of 411.98108.
Item 1, Non-real estate debt value of 186.81541 which is 45.3% of 1985.
Item 2, Real estate debt value of 225.16566 which is 54.7% of 1985.
Group 17, 1986, Total value of 354.90775.
Item 1, Non-real estate debt value of 157.67166 which is 44.4% of 1986.
Item 2, Real estate debt value of 197.23608 which is 55.6% of 1986.
Group 18, 1987, Total value of 317.0957.
Item 1, Non-real estate debt value of 143.53833 which is 45.3% of 1987.
Item 2, Real estate debt value of 173.55737 which is 54.7% of 1987.
Group 19, 1988, Total value of 294.40405.
Item 1, Non-real estate debt value of 137.7815 which is 46.8% of 1988.
Item 2, Real estate debt value of 156.62256 which is 53.2% of 1988.
Group 20, 1989, Total value of 278.81183.
Item 1, Non-real estate debt value of 132.49847 which is 47.5% of 1989.
Item 2, Real estate debt value of 146.31334 which is 52.5% of 1989.
Group 21, 1990, Total value of 268.88928.
Item 1, Non-real estate debt value of 130.18913 which is 48.4% of 1990.
Item 2, Real estate debt value of 138.70016 which is 51.6% of 1990.
Group 22, 1991, Total value of 261.63678.
Item 1, Non-real estate debt value of 127.81561 which is 48.9% of 1991.
Item 2, Real estate debt value of 133.82117 which is 51.1% of 1991.
Group 23, 1992, Total value of 255.20496.
Item 1, Non-real estate debt value of 123.53593 which is 48.4% of 1992.
Item 2, Real estate debt value of 131.66904 which is 51.6% of 1992.
Group 24, 1993, Total value of 254.49367.
Item 1, Non-real estate debt value of 124.827286 which is 49.0% of 1993.
Item 2, Real estate debt value of 129.66638 which is 51.0% of 1993.
Group 25, 1994, Total value of 257.74857.
Item 1, Non-real estate debt value of 128.04439 which is 49.7% of 1994.
Item 2, Real estate debt value of 129.70418 which is 50.3% of 1994.
Group 26, 1995, Total value of 259.82202.
Item 1, Non-real estate debt value of 129.49251 which is 49.8% of 1995.
Item 2, Real estate debt value of 130.32951 which is 50.2% of 1995.
Group 27, 1996, Total value of 265.12857.
Item 1, Non-real estate debt value of 132.32185 which is 49.9% of 1996.
Item 2, Real estate debt value of 132.80673 which is 50.1% of 1996.
Group 28, 1997, Total value of 275.23264.
Item 1, Non-real estate debt value of 137.5113 which is 50.0% of 1997.
Item 2, Real estate debt value of 137.72133 which is 50.0% of 1997.
Group 29, 1998, Total value of 285.62115.
Item 1, Non-real estate debt value of 141.44496 which is 49.5% of 1998.
Item 2, Real estate debt value of 144.17618 which is 50.5% of 1998.
Group 30, 1999, Total value of 286.93475.
Item 1, Non-real estate debt value of 137.72168 which is 48.0% of 1999.
Item 2, Real estate debt value of 149.21307 which is 52.0% of 1999.
Group 31, 2000, Total value of 274.21725.
Item 1, Non-real estate debt value of 132.4937 which is 48.3% of 2000.
Item 2, Real estate debt value of 141.72356 which is 51.7% of 2000.
Group 32, 2001, Total value of 279.0504.
Item 1, Non-real estate debt value of 134.27858 which is 48.1% of 2001.
Item 2, Real estate debt value of 144.77184 which is 51.9% of 2001.
Group 33, 2002, Total value of 301.28552.
Item 1, Non-real estate debt value of 143.22668 which is 47.5% of 2002.
Item 2, Real estate debt value of 158.05884 which is 52.5% of 2002.
Group 34, 2003, Total value of 286.00116.
Item 1, Non-real estate debt value of 132.18501 which is 46.2% of 2003.
Item 2, Real estate debt value of 153.81615 which is 53.8% of 2003.
Group 35, 2004, Total value of 303.91415.
Item 1, Non-real estate debt value of 143.69211 which is 47.3% of 2004.
Item 2, Real estate debt value of 160.22205 which is 52.7% of 2004.
Group 36, 2005, Total value of 311.86365.
Item 1, Non-real estate debt value of 141.98566 which is 45.5% of 2005.
Item 2, Real estate debt value of 169.87799 which is 54.5% of 2005.
Group 37, 2006, Total value of 312.01706.
Item 1, Non-real estate debt value of 148.01874 which is 47.4% of 2006.
Item 2, Real estate debt value of 163.99832 which is 52.6% of 2006.
Group 38, 2007, Total value of 339.07904.
Item 1, Non-real estate debt value of 153.56284 which is 45.3% of 2007.
Item 2, Real estate debt value of 185.51622 which is 54.7% of 2007.
Group 39, 2008, Total value of 360.91843.
Item 1, Non-real estate debt value of 156.44485 which is 43.3% of 2008.
Item 2, Real estate debt value of 204.47356 which is 56.7% of 2008.
Group 40, 2009, Total value of 368.5573.
Item 1, Non-real estate debt value of 168.06308 which is 45.6% of 2009.
Item 2, Real estate debt value of 200.49423 which is 54.4% of 2009.
Group 41, 2010, Total value of 378.53424.
Item 1, Non-real estate debt value of 169.45364 which is 44.8% of 2010.
Item 2, Real estate debt value of 209.0806 which is 55.2% of 2010.
Group 42, 2011, Total value of 391.5124.
Item 1, Non-real estate debt value of 169.22563 which is 43.2% of 2011.
Item 2, Real estate debt value of 222.28676 which is 56.8% of 2011.
Group 43, 2012, Total value of 388.27698.
Item 1, Non-real estate debt value of 162.02397 which is 41.7% of 2012.
Item 2, Real estate debt value of 226.25302 which is 58.3% of 2012.
Group 44, 2013, Total value of 404.36572.
Item 1, Non-real estate debt value of 166.92564 which is 41.3% of 2013.
Item 2, Real estate debt value of 237.4401 which is 58.7% of 2013.
Group 45, 2014, Total value of 434.58725.
Item 1, Non-real estate debt value of 186.85307 which is 43.0% of 2014.
Item 2, Real estate debt value of 247.73419 which is 57.0% of 2014.
Group 46, 2015, Total value of 444.81607.
Item 1, Non-real estate debt value of 184.50204 which is 41.5% of 2015.
Item 2, Real estate debt value of 260.31403 which is 58.5% of 2015.
Group 47, 2016, Total value of 461.95395.
Item 1, Non-real estate debt value of 182.95198 which is 39.6% of 2016.
Item 2, Real estate debt value of 279.00195 which is 60.4% of 2016.
Group 48, 2017, Total value of 472.89877.
Item 1, Non-real estate debt value of 186.75165 which is 39.5% of 2017.
Item 2, Real estate debt value of 286.14713 which is 60.5% of 2017.
Group 49, 2018, Total value of 476.15756.
Item 1, Non-real estate debt value of 185.48363 which is 39.0% of 2018.
Item 2, Real estate debt value of 290.67395 which is 61.0% of 2018.
Group 50, 2019, Total value of 488.64062.
Item 1, Non-real estate debt value of 177.27374 which is 36.3% of 2019.
Item 2, Real estate debt value of 311.36688 which is 63.7% of 2019.
Group 51, 2020, Total value of 505.95535.
Item 1, Non-real estate debt value of 174.98563 which is 34.6% of 2020.
Item 2, Real estate debt value of 330.96973 which is 65.4% of 2020.
Group 52, 2021, Total value of 520.2803.
Item 1, Non-real estate debt value of 164.45016 which is 31.6% of 2021.
Item 2, Real estate debt value of 355.8301 which is 68.4% of 2021.
Group 53, 2022F, Total value of 518.13293.
Item 1, Non-real estate debt value of 159.20166 which is 30.7% of 2022F.
Item 2, Real estate debt value of 358.9313 which is 69.3% of 2022F.
Group 54, 2023, Total value of 535.0858.
Item 1, Non-real estate debt value of 159.22566 which is 29.8% of 2023.
Item 2, Real estate debt value of 375.8601 which is 70.2% of 2023.

Note: F = forecast. Data for 2022 and 2023 are forecasts. Real values are adjusted for inflation using the U.S. Bureau of Economic Analysis Gross Domestic Product Price Index (BEA API series code: A191RG) rebased to 2023 by USDA, Economic Research Service.

Source: USDA, Economic Research Service, Farm Income and Wealth Statistics. Data as of February 7, 2023.