Agricultural Income and Finance Situation and Outlook: 2021 Edition

by Robert Dubman, Nigel Key, Jonathan Law, Carrie Litkowski, Okkar Mandalay, Dipak Subedi, Jessica E. Todd, and Christine Whitt

The agricultural economy experienced pronounced volatility over 2009–19, including strong periods of expansions in the first part of the decade followed by several years of contraction. This report presents and assesses recent trends in three major areas of farm finance: farm income, Government payment programs, and Chapter 12 bankruptcy eligibility and rates.

Keywords: Farm financial performance, farm income, family farms, farm households, government payments, Agricultural Resource Management Survey, ARMS, bankruptcy rates, Market Facilitation Program, ERS Farm Resource Regions

In this publication...

• Entire Report
• Report summary