IDEAS home Printed from https://ideas.repec.org/p/ags/uersib/327362.html
   My bibliography  Save this paper

Agricultural Income and Finance Situation and Outlook: 2021 Edition

Author

Listed:
  • Dubman, Robert
  • Key, Nigel
  • Law, Jonathan
  • Litkowski, Carrie
  • Mandalay, Okkar
  • Subedi, Dipak
  • Todd, Jessica E
  • Whitt, Christine

Abstract

The agricultural economy experienced pronounced volatility over 2009–19, including strong periods of expansions in the first part of the decade followed by several years of contraction. This report presents and assesses recent trends in three major areas of farm finance: farm income, Government payment programs, and Chapter 12 bankruptcy eligibility and rates.

Suggested Citation

  • Dubman, Robert & Key, Nigel & Law, Jonathan & Litkowski, Carrie & Mandalay, Okkar & Subedi, Dipak & Todd, Jessica E & Whitt, Christine, 2021. "Agricultural Income and Finance Situation and Outlook: 2021 Edition," Economic Information Bulletin 327362, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersib:327362
    DOI: 10.22004/ag.econ.327362
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/327362/files/eib-228.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.327362?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Stam, Jerome M. & Dixon, Bruce L., 2004. "Farmer Bankruptcies And Farm Exits In The United States, 1899-2002," Agricultural Information Bulletins 33689, United States Department of Agriculture, Economic Research Service.
    2. Wendong Zhang & Cynthia J. Nickerson, 2015. "Housing Market Bust and Farmland Values: Identifying the Changing Influence of Proximity to Urban Centers," Land Economics, University of Wisconsin Press, vol. 91(4), pages 605-626.
    3. Robert Dinterman & Ani L. Katchova & James Michael Harris, 2018. "Financial stress and farm bankruptcies in US agriculture," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 78(4), pages 441-456, February.
    4. MacDonald, James M. & Cessna, Jerry & Mosheim, Roberto, 2016. "Changing Structure, Financial Risks, and Government Policy for the U.S. Dairy Industry," Economic Research Report 262200, United States Department of Agriculture, Economic Research Service.
    5. Key, Nigel & Burns, Christopher & Lyons, Greg, 2019. "Financial Conditions in the U.S. Agricultural Sector: Historical Comparisons," Economic Information Bulletin 301076, United States Department of Agriculture, Economic Research Service.
    6. Lawrence E. Shepard & Robert A. Collins, 1982. "Why Do Farmers Fail? Farm Bankruptcies 1910–78," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(4), pages 609-615.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Robert Dinterman & Ani L. Katchova, 2021. "Survival analysis of farm bankruptcy filings: Evaluating the time to completion of chapter 12 bankruptcy cases," Agribusiness, John Wiley & Sons, Ltd., vol. 37(2), pages 324-347, April.
    2. Eric C. Davis & Ani L. Katchova, 2020. "The Impact of Bank Deregulations on Farm Financial Stress and Stability," Sustainability, MDPI, vol. 12(4), pages 1-14, February.
    3. Florence A. Becot & Shoshanah M. Inwood, 2022. "Medical economic vulnerability: a next step in expanding the farm resilience scholarship," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 39(3), pages 1097-1116, September.
    4. Enjolras, Geoffroy & Madiès, Philippe, 2017. "The determinants of financial distress in French farms: Analysts versus Algorithms," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 259168, Agricultural and Applied Economics Association.
    5. Dinterman, Robert & Katchova, Ani, 2018. "Survival Analysis of Farm Bankruptcy Filings," 2018 Annual Meeting, August 5-7, Washington, D.C. 274117, Agricultural and Applied Economics Association.
    6. Ritter, Matthias & Hüttel, Silke & Odening, Martin & Seifert, Stefan, 2020. "Revisiting the relationship between land price and parcel size in agriculture," Land Use Policy, Elsevier, vol. 97(C).
    7. Meyer, Kevin & Keiser, David A., 2016. "Adapting to Climate Change Through Tile Drainage: A Structural Ricardian Analysis," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235932, Agricultural and Applied Economics Association.
    8. Phillips, James & Harsh, Stephen, 1987. "Use of Expert Systems in Agricultural Economics: An Expert System Application to the Financial Analysis of Lender Case Farm Records," 1987 Annual Meeting, August 2-5, East Lansing, Michigan 337275, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    9. Vassalos, Michael & Karanikolas, Pavlos & Li, Yingbo, 2015. "Investigating the Impact of Farm Characteristics, Socioeconomic Characteristics and of the Single Farm Payment on the Viability of Farms: The Case of Greece," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205423, Agricultural and Applied Economics Association.
    10. Meyer, Kevin Michael, 2017. "Three essays on environmental and resource economics," ISU General Staff Papers 201701010800006585, Iowa State University, Department of Economics.
    11. Geoffroy Enjolras & Philippe Madiès, 2020. "The role of bank analysts and scores in the prediction of financial distress: Evidence from French farms," Economics Bulletin, AccessEcon, vol. 40(4), pages 2978-2993.
    12. Steele C. West & Amin W. Mugera & Ross S. Kingwell, 2021. "Drivers of farm business capital structure and its speed of adjustment: evidence from Western Australia’s Wheatbelt," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 65(2), pages 391-412, April.
    13. Coronese, Matteo & Occelli, Martina & Lamperti, Francesco & Roventini, Andrea, 2023. "AgriLOVE: Agriculture, land-use and technical change in an evolutionary, agent-based model," Ecological Economics, Elsevier, vol. 208(C).
    14. Key, Nigel D. & Roberts, Michael J., 2007. "Commodity Payments, Farm Business Survival, and Farm Size Growth," Economic Research Report 55968, United States Department of Agriculture, Economic Research Service.
    15. Key, Nigel D. & Roberts, Michael J., 2005. "Do Government Payments Influence Farm Business Survival?," 2005 Annual meeting, July 24-27, Providence, RI 19248, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    16. Robert Dinterman & Ani L Katchova, 2020. "Property Tax Incidence on Cropland Cash Rent," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 42(4), pages 739-758, December.
    17. Arora, Gaurav & Wolter, Peter T. & Feng, Hongli & Hennessy, David A., 2015. "Role of Ethanol Plants in Dakotas’ Land Use Change: Analysis Using Remotely Sensed Data," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 206565, Agricultural and Applied Economics Association.
    18. Albulena Basha & Wendong Zhang & Chad Hart, 2021. "The impacts of interest rate changes on US Midwest farmland values," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 81(5), pages 746-766, February.
    19. Roberts, Michael J. & Key, Nigel D., 2006. "Government Payments and Farmland Concentration," 2006 Annual meeting, July 23-26, Long Beach, CA 21097, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    20. Ifft, Jennifer & Bigelow, Daniel P. & Savage, Jeffrey, 2018. "The Impact of Irrigation Restrictions on Cropland Values in Nebraska," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 43(2), May.

    More about this item

    Keywords

    Farm Management;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:uersib:327362. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/ersgvus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.