Data Training Webinar: Farm Income and Wealth Statistics & Agricultural Resource Management Survey (ARMS) Data Dissemination Tool
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Did you know that ERS is forecasting U.S. net cash farm income in 2022 to reach its highest level since 2012?
These estimates are part of the ERS Farm Income and Wealth Statistics program which measures, forecasts, and explains indicators of economic performance for the U.S. farm sector. The statistics include estimates and forecasts on cash receipts, other sources of income (including Government payments and insurance indemnities), and production expenditures. In addition, ERS estimates and forecasts the farm sector balance sheet (debt, assets, and equity) including financial ratios.
The Farm Income and Wealth Statistics are based, in part, on responses from the Agricultural Resource Management Survey (ARMS) which is the U.S. Department of Agriculture’s primary source of information on the production practices, resource use, and economic well-being of America’s farms and ranches. With the ERS ARMS Data Dissemination Tool, users can view and download data that summarize production practices, resource use, and financial well-being across different types of farms and ranches.
In this webinar, ERS Senior Economist Carrie Litkowski provides an overview of the Farm Income and Wealth Statistics Data and data visualizations available on the ERS website. ERS Agricultural Economist Dipak Subedi explains how to use the ARMS Data Dissemination Tool.