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Forecasts of the financial performance of farm businesses are presented here, identifying resource, economic, policy, demographic, and other factors that explain how differences in the management and performance of farms affects farm income. The organization and business linkages of farms are tracked to determine how form of business affects the distribution of income.
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Farm Sector Income Forecast-- The farm sector, as one of several sectors of the National economy, contributes to gross domestic product (GDP) and national income through the production of goods and services. The farm operations purchase inputs in the form of goods and services from other sectors of the local economy. Stakeholders comprised of hired labor, lenders of capital, and nonoperator landowners providing farmland--all receive a portion of the income created by the sector's production activities but are remunerated at rates typically agreed upon in advance of harvests and marketings. After payments to stakeholders, the residual income is net farm income. It represents a return to a diverse group of individuals who provide land, labor, capital, and management without any assurance of earnings. The forecast tables may be accessed directly.
web administration: webadmin@ers.usda.gov
updated: May 29, 2003
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