The financial health of the US farm sector
Key Points After a relatively short period when the agricultural sector experienced close-to-average farm incomes, net farm incomes increased well above their 20-year inflation-adjusted averages in 2020 and 2021 because of federal emergency relief payments and relatively high agricultural commodity...
| Autores principales: | , |
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| Formato: | Informe técnico |
| Lenguaje: | Inglés |
| Publicado: |
American Enterprise Institute
2022
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/127227 |
| _version_ | 1855535864338186240 |
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| author | Belasco, Eric J. Glauber, Joseph W. |
| author_browse | Belasco, Eric J. Glauber, Joseph W. |
| author_facet | Belasco, Eric J. Glauber, Joseph W. |
| author_sort | Belasco, Eric J. |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Key Points After a relatively short period when the agricultural sector experienced close-to-average farm incomes, net farm incomes increased well above their 20-year inflation-adjusted averages in 2020 and 2021 because of federal emergency relief payments and relatively high agricultural commodity prices. Farm incomes are forecasted to remain well above average levels in 2022, despite the rollback of pandemic-related subsidies and rising costs for major farm inputs, because prices received by farmers for many commodities have been exceptionally high. While trade wars, widespread drought, high input prices, and volatile international markets have created challenges for US agriculture, the farm sector as a whole, and the vast majority of farms, is in an exceptionally healthy financial position as Congress begins to consider the provisions of the 2023 Farm Bill. |
| format | Informe técnico |
| id | CGSpace127227 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2022 |
| publishDateRange | 2022 |
| publishDateSort | 2022 |
| publisher | American Enterprise Institute |
| publisherStr | American Enterprise Institute |
| record_format | dspace |
| spelling | CGSpace1272272024-11-07T09:49:57Z The financial health of the US farm sector Belasco, Eric J. Glauber, Joseph W. farm income inflation emergency relief commodities prices forecasting coronavirus coronavirus disease coronavirinae covid-19 subsidies farm inputs drought international markets agriculture financial situation government policies federal emergency relief payments trade wars Key Points After a relatively short period when the agricultural sector experienced close-to-average farm incomes, net farm incomes increased well above their 20-year inflation-adjusted averages in 2020 and 2021 because of federal emergency relief payments and relatively high agricultural commodity prices. Farm incomes are forecasted to remain well above average levels in 2022, despite the rollback of pandemic-related subsidies and rising costs for major farm inputs, because prices received by farmers for many commodities have been exceptionally high. While trade wars, widespread drought, high input prices, and volatile international markets have created challenges for US agriculture, the farm sector as a whole, and the vast majority of farms, is in an exceptionally healthy financial position as Congress begins to consider the provisions of the 2023 Farm Bill. 2022-10-04 2023-01-16T15:21:20Z 2023-01-16T15:21:20Z Report https://hdl.handle.net/10568/127227 en Open Access American Enterprise Institute Belasco, Eric J.; and Glauber, Joseph W. 2022. The financial health of the US farm sector. American Enterprise Institute Report. https://www.aei.org/research-products/report/the-financial-health-of-the-us-farm-sector/ |
| spellingShingle | farm income inflation emergency relief commodities prices forecasting coronavirus coronavirus disease coronavirinae covid-19 subsidies farm inputs drought international markets agriculture financial situation government policies federal emergency relief payments trade wars Belasco, Eric J. Glauber, Joseph W. The financial health of the US farm sector |
| title | The financial health of the US farm sector |
| title_full | The financial health of the US farm sector |
| title_fullStr | The financial health of the US farm sector |
| title_full_unstemmed | The financial health of the US farm sector |
| title_short | The financial health of the US farm sector |
| title_sort | financial health of the us farm sector |
| topic | farm income inflation emergency relief commodities prices forecasting coronavirus coronavirus disease coronavirinae covid-19 subsidies farm inputs drought international markets agriculture financial situation government policies federal emergency relief payments trade wars |
| url | https://hdl.handle.net/10568/127227 |
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