Agricultural Economics Department
Cornhusker Economics
Date of this Version
2013
Document Type
Article
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