Average debt-to-asset ratio varies according to age of farm operator

Line chart showing debt-to-asset ratios for farmers aged 44 years or younger, 45 to 54 years, and over 55 years of age from 2012 to 2022.

Total farm sector debt is expected to rise to more than half a trillion dollars in 2024, according to USDA, Economic Research Service farm income forecasts. Even so, solvency metrics suggest U.S. farm businesses have not become more financially stressed in recent years.

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