Farm Income Estimates Team

Estimates and forecasts of U.S. farm income have been produced by ERS and its predecessors for over 50 years. A key indicator of farm financial well-being, farm income can be sliced a number of ways, reflecting not only the complexity of a typical balance sheet but also the dissimilarity of U.S. farms and producers. ERS's farm income team synthesizes data from several other USDA agencies to derive farm income estimates and forecasts at different levels of aggregation.

Data Sources include all of the following:

Farm Service Agency
World Agricultural Outlook Board
Natural Resources Conservation Service
National Agricultural Statistics Service
Agricultural Resource Management Survey

Roger Strickland

Roger Strickland has for many years overseen the issuance of estimates and forecasts for farm sector income.

More>>

Mitch Morehart

Mitch Morehart develops financial indicators that focus specifically on the performance of farm businesses.

More>>

Bob Green

Bob Green tends to the farm household income estimates and forecasts.

More>>

Farm Sector Performance and Well-Being Branch

Jim Johnson is chief of the Farm Sector Performance and Well-Being Branch.

More>>

Major Clients and Products

Policymakers and analysts who rely on all levels of farm income estimates and forecasts range from farm groups to Congressional committees and the General Accounting Office, all the way up to the President's Council of Economic Advisers.

Farm sector income

Council of Economic Advisers
Bureau of Economic Analysis
State governments
Industry, market, and policy analysts
Media

Farm business income

Federal Reserve Bank
Comptroller of the Currency
USDA’s Farm Service Agency
USDA’s Extension Service
Farm Credit System
Congressional Agricultural Committees
General Accounting Office
USDA policy officials
Farm organizations

Farm household income

USDA policy officials
USDA’s Farm Service Agency
USDA’s Extension Service
Farm lenders
Agricultural policy analysts
Congressional Agricultural Committees
Farm organizations