Agricultural Earnings Highly Variable Over Time and by Sub-State Region

Authors

Bruce Johnson, University of Nebraska-LincolnFollow
Gibson Nene, University of Nebraska-Lincoln
Anneke Gustafson, University of Nebraska-LincolnFollow

Date of this Version

September 2006

Document Type

Article

Comments

Published in Cornhusker Economics, 09/13/2006. Produced by the Cooperative Extension, Institute of Agriculture and Natural Resources, Department of Agricultural Economics, University of Nebraska–Lincoln.
http://www.agecon.unl.edu/Cornhuskereconomics.html

Abstract

For anyone close to production agriculture it is obvious that income and earnings levels are highly fickle from one year to the next. This can be clearly seen in Nebraska’s year-to-year total net farm income levels over the past decade, which have ranged from a low of $813 million in 2002 to nearly $3.4 billion in 1996 and again in 2004. But what about variation across the sub-state regions? And what economic impacts might these variations have for these regional economies?