ERS: Farm income down but assets retain value
November 25, 2014 | 03:53 PM
Net farm income is forecast to fall by more than 22 percent this year compared to 2013, but will still be about $16 billion above the previous 10-year average, the Agriculture Department’s Economic Research Service said in a report issued today.
As previously reported, livestock income is up, crop receipts are down. Government payments are projected to be down 4 percent.
Farm equity is projected to reach another record and farm financial risk indicators such as the debt-to-asset ratio are expected to continue at historically low levels, the report said.
▪ USDA Economic Research Service — Farm Financial Forecasts for 2014: November Update
▪ — Highlights from the 2014 Farm Income Forecast
As previously reported, livestock income is up, crop receipts are down. Government payments are projected to be down 4 percent.
Farm equity is projected to reach another record and farm financial risk indicators such as the debt-to-asset ratio are expected to continue at historically low levels, the report said.
▪ USDA Economic Research Service — Farm Financial Forecasts for 2014: November Update
▪ — Highlights from the 2014 Farm Income Forecast
