Become a fan on Facebook Follow us on Twitter USDA Blog Feed Watch USDA videos on YouTube Subscribe to receive e-mail updates View USDA Photos on Flickr Subscribe to RSS Feeds

Posts tagged: Farm Income Forecast

The Surprise in Latest Forecast: Net Farm Income Down; but Farm Businesses and Farm Households Show Improvement

Debt-to-asset ratio and debt-to-equity ratio chart

USDA’s Economic Research Service (ERS) recently released its Farm Income forecast for 2016. This year the debt-to-asset ratio ratio is forecast to be 13.2%, compared to 12.7% in 2015. The same trends hold for debt-to-equity ratios.

USDA’s Economic Research Service (ERS) recently released its Farm Income forecast for 2016.  Net cash income and net farm income (which includes the value and costs of items like depreciation, home consumption of farm goods, and unsold inventory) are both expected to fall slightly compared to 2015, but by much less than last year. Net cash income is expected to fall by 2.5%, or about $2.3 billion, and net farm income by 3%, or about $1.6 billion. Last year net cash income fell by 27% and net farm income by 38%.

A large portion of the forecast decline is from lower livestock receipts, expected to be down by about $7.9 billion. Crop receipts are also forecast to be lower by $1.6 billion. On the other hand, input costs are forecast to be down by $3.8 billion, and government payments are expected to be $3.3 billion higher. Read more »

Continued Recovery for America’s Agricultural Economy

Cross-posted from the White House Blog

Yesterday I was pleased to receive the encouraging news from two USDA reports that illustrate the strength of the recovery in our agricultural economy. The 2010 Farm Income Forecast and Outlook for U.S. Agricultural Trade show a positive picture for 2010, and predict sustained growth for the future.  Read more »