IDEAS home Printed from https://ideas.repec.org/p/ags/uersib/410300.html

Agricultural Income and Finance Situation and Outlook: 2021–23 Edition

Author

Listed:
  • Litkowski, Carrie [Editor]
  • Lim, Katherine
  • Law, Jonathan
  • McDonald, Tia M.
  • Giri, Anil K.
  • Subedi, Dipak
  • Ghimire, Monika
  • Winters-Michaud, Clayton
  • Miller, Noah

Abstract

This report evaluates the effects of higher prices between 2021 and 2023 on farm household income and consumption, analyzes the impacts of rising interest rates on farm financial stress, and reviews the performance of commercial agricultural banks during the 2023 banking crisis. Our analysis suggests that farm households, on average, had income increases that allowed them to maintain their consumption during the high inflation environment. Additionally, among farms with some debt, 3 percent of farm operations were in extreme financial distress in 2023 with a slightly higher share of mid-size farms in extreme financial stress. Following the collapse of three regional banks in 2023, the deposit flow into agricultural banks was minimally impacted with the typical agricultural bank being less susceptible to liquidity concerns than its larger and non-agricultural counterparts.

Suggested Citation

  • Litkowski, Carrie [Editor] & Lim, Katherine & Law, Jonathan & McDonald, Tia M. & Giri, Anil K. & Subedi, Dipak & Ghimire, Monika & Winters-Michaud, Clayton & Miller, Noah, 2026. "Agricultural Income and Finance Situation and Outlook: 2021–23 Edition," Economic Information Bulletin 410300, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersib:410300
    DOI: 10.22004/ag.econ.410300
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/410300/files/EIB-298.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.410300?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
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;

    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:410300. 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.

    We have no bibliographic references for this item. You can help adding them by using 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.