Agricultural Income and Finance Outlook, 2010 Edition

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英文名称：

Agricultural Income and Finance Outlook, 2010 Edition

作者：

Andrew Morton; Stephen Vogel; Jeremy G. Weber; Robert Williams; Shawn Wozniak; Timothy Park; Mary Ahearn; Theodore Covey; Ken Erickson; Michael Harris; Todd Kuethe; Christopher McGath; Mitch Morehart

工作单位：

USDA's Economic Research Service

来源地址：

https://www.ers.usda.gov/publications/pub-details/?pubid=35821

关键词：

Value added;  farm income;  farm costs;  farm operator household;  farm returns;  financial performance;  farm finance;  wealth;  net worth;  assets;  debt; 

年份：

2010

出版地：

Washington, DC, USA

总页数：

55 pp

语种：

English

摘要：

Net farm income is forecast at $81.6 billion in 2010, up 31 percent from 2009 and 26 percent higher than the 10-year average of $64.8 billion for 2000 to 2009. Net cash income at $92.5 billion would be a nominal record, 2.3 percent above the prior record attained in 2008. Net value added is expected to increase by almost $20 billion in 2010 to $132.0 billion. Production expenses are forecast to rise moderately, reversing the significant declines seen in 2009. However, nominal total production expenses in 2010 and 2009 still constitute the second- and third-highest totals ever. Farm business equity (assets minus debt) is expected to rise nearly 4 percent, largely due to an expected 3-percent increase in the value of farm business real estate and a 2-percent decline in farm business debt. The farm business sector's debt-to-asset ratio is expected to decline to 11.3 percent and the debt-to-equity ratio is expected to decline to 12.8 percent in 2010, indicating that the farm sector's solvency position remains strong. Average net cash income for farm businesses is expected to increase throughout much of the country in 2010. The expected strong recovery in dairy, hog, and cattle receipts will result in much higher average net cash incomes for farm businesses in the Northern Crescent, Basin and Range, and Prairie Gateway. In the Northern Crescent, where dairy is a prominent commodity, average net cash income for farm businesses is forecast to increase by over 58 percent. Incomes are expected to be almost 50 percent higher in 2010 for farm businesses in the Basin and Range region where cattle are an important commodity, a region that showed the Average farm household income of principal farm operators-from farm and off-farm sources-is forecast to be $83,194 in 2010, up 7.8 percent from 2009. This contrasts with the change for the 2008 to 2009 period, when average farm household income declined by 3.3 percent.