Agricultural Economics Department
Date of this Version
2013
Citation
Cornhusker Economics (May 22, 2013)
Abstract
Average United States net farm income from 2004 to 2011 was more than $77 billion, the most profitable period in real dollar terms since 1972-1975 (United States Department of Agriculture (USDA) Economic Research Service (ERS)). Farm balance sheets are at the strongest levels since the USDA started tracking data in 1960 (USDA-ERS), and farmland values have grown exponentially, with U.S. average farmland values rising more than eight percent per year in the 2004-2011 period (USDA National Agricultural Statistics Service).
COinS
Comments
Published by University of Nebraska–Lincoln Extension, Institute of Agriculture & Natural Resources, Department of Agricultural Economics. Copyright © [2013] Board of Regents, University of Nebraska. http://agecon.unl.edu/cornhuskereconomics