Farm debt projected up slightly in 2011

In February 2011, ERS estimated farm sector debt to increase from $240.3 billion in 2010 to $241.6 billion in 2011. The real estate debt component is forecast to fall by 0.6 percent from $132 billion in 2010 to $131.5 billion in 2011. The nonreal estate component is forecast to rise by 2.0 percent from $108.0 billion in 2010 to $110.1 billion in 2011. Historically, farm real estate debt is the largest component of farm debt. This chart was published in the Farm Income and Costs briefing room, February 2011.