USDA’s Economic Research Service (ERS) releases farm income statement and balance sheet estimates and forecasts three times a year, in February, August and November. These core statistical indicators provide guidance to policy makers, lenders, commodity organizations, farmers, and others interested in the financial status of the farm economy. ERS' farm income statistics also inform the computation of agriculture's contribution to the gross domestic product of the U.S. economy. During this webinar, economist Carrie Litkowski provides the August forecast for 2019 as well as the first estimates for 2018.
New from ERS
Food Security and Food Purchase Quality Among Low-Income Households: Findings From the National Household Food Acquisition and Purchase Survey (FoodAPS)
ERS characterizes the difference in food purchase quality of low-income food-insecure and food-secure households using the National Household Food Acquisition and Purchase Survey, a data collection from ERS and the Food & Nutrition Service.
The share of food-insecure people in the 76 low- and middle-income countries included in this report is projected to fall from 19.3 percent in 2019 to 9. percent in 2029. The number of food-insecure people is projected to fall 45 percent.
USDA Special Supplemental Nutrition Program for Women, Infants, and Children (WIC): A New Look at Key Questions 10 Years After USDA Added Whole-Grain Bread to WIC Food Packages in 2009
ERS study explores key questions surrounding the addition of whole grains to WIC food packages.
Potential Variability in Commodity Support: Agriculture Risk Coverage and Price Loss Coverage Programs
Higher projected prices could make the Agriculture Risk Coverage (ARC) program more attractive to producers due to higher expected payments, while Price Loss Coverage (PLC) will likely be favored when projected prices are lower.
Mexico's growing livestock and poultry sector increasingly relies on imports of U.S.-grown corn.