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Agricultural Income and Finance Situation and Outlook: 2021 Edition

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Listed:
  • Dubman, Robert
  • Key, Nigel
  • Law, Jonathan
  • Litkowski, Carrie
  • Mandalay, Okkar
  • Subedi, Dipak
  • Todd, Jessica E
  • Whitt, Christine

Abstract

The agricultural economy experienced pronounced volatility over 2009–19, including strong periods of expansions in the first part of the decade followed by several years of contraction. This report presents and assesses recent trends in three major areas of farm finance: farm income, Government payment programs, and Chapter 12 bankruptcy eligibility and rates.

Suggested Citation

  • Dubman, Robert & Key, Nigel & Law, Jonathan & Litkowski, Carrie & Mandalay, Okkar & Subedi, Dipak & Todd, Jessica E & Whitt, Christine, 2021. "Agricultural Income and Finance Situation and Outlook: 2021 Edition," Economic Information Bulletin 327362, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersib:327362
    DOI: 10.22004/ag.econ.327362
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    References listed on IDEAS

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    1. Stam, Jerome M. & Dixon, Bruce L., 2004. "Farmer Bankruptcies And Farm Exits In The United States, 1899-2002," Agricultural Information Bulletins 33689, United States Department of Agriculture, Economic Research Service.
    2. Wendong Zhang & Cynthia J. Nickerson, 2015. "Housing Market Bust and Farmland Values: Identifying the Changing Influence of Proximity to Urban Centers," Land Economics, University of Wisconsin Press, vol. 91(4), pages 605-626.
    3. Robert Dinterman & Ani L. Katchova & James Michael Harris, 2018. "Financial stress and farm bankruptcies in US agriculture," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 78(4), pages 441-456, February.
    4. MacDonald, James M. & Cessna, Jerry & Mosheim, Roberto, 2016. "Changing Structure, Financial Risks, and Government Policy for the U.S. Dairy Industry," Economic Research Report 262200, United States Department of Agriculture, Economic Research Service.
    5. Key, Nigel & Burns, Christopher & Lyons, Greg, 2019. "Financial Conditions in the U.S. Agricultural Sector: Historical Comparisons," Economic Information Bulletin 301076, United States Department of Agriculture, Economic Research Service.
    6. Lawrence E. Shepard & Robert A. Collins, 1982. "Why Do Farmers Fail? Farm Bankruptcies 1910–78," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(4), pages 609-615.
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    Keywords

    Farm Management;

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