Mitch Morehart develops financial indicators that focus specifically
on the performance of farm businesses. These farm business income
estimates and forecasts represent only those farmers and ranchers
who consider farming their principal occupation. Agricultural policymakers
are particularly interested in these indicators since this group
of producers (intermediate and commercial size farms) is most affected
by national agricultural programs. USDA’s annual Agricultural
Resource Management Survey (ARMS) is the primary data source for
this series.
