Carrie Litkowski

1 month ago | ers.usda.gov | Carrie Litkowski |Anil Giri |Dipak Subedi |Tia M. McDonald

The Coronavirus (COVID-19) pandemic and its associated economic effects had implications for U.S. farms, the households that operate them, and the value of the land being farmed. Farm operations received record-level direct Government payments in 2020 largely due to financial assistance from COVID-19-related programs. Farm households, many of which rely on off-farm employment to supplement their total household income, were susceptible to higher nonfarm unemployment rates in 2020.

Jan 3, 2024 | farmtalknews.com | Anil Giri |Carrie Litkowski |Dipak Subedi |Tia M. McDonald

In early 2020, the U.S. farm sector appeared to be on track for steady financial performance for the year. In February 2020, USDA, Economic Research Service (ERS) forecast net farm income would rise slightly that year from 2019 and net cash income would decrease to slightly below its long-run average (2000–18) in inflation-adjusted dollars.

Aug 9, 2023 | ers.usda.gov | Anil Giri |Carrie Litkowski |Dipak Subedi |Tia M. McDonald

by Anil K. Giri, Carrie Litkowski, Dipak Subedi, and Tia McDonald In early 2020, the U.S. farm sector appeared to be on track for steady financial performance for the year. In February 2020, USDA, Economic Research Service (ERS) forecast net farm income would rise slightly that year from 2019 and net cash income would decrease to slightly below its long-run average (2000–18) in inflation-adjusted dollars.

May 1, 2023 | ers.usda.gov | Carrie Litkowski |Monika Ghimire

Farm sector debt tied to real estate is expected to be at a record high of $375.9 billion in 2023, according to data from the USDA, Economic Research Service (ERS). Farm sector real estate debt has been increasing continuously since 2009 and is expected to reach an amount that is 87.5 percent higher in 2023 compared with 2009 in inflation-adjusted dollars. Real estate debt now far outpaces debt that is not secured by a mortgage (non-real estate debt).