Proprietors' Farm Income in Arizona
AZOFAR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
517.20
Year-over-Year Change
-42.49%
Date Range
1/1/1948 - 1/1/2025
Summary
Proprietors' Farm Income in Arizona measures the income earned by self-employed farmers and ranchers in the state. It is a key indicator of agricultural economic health and an important metric for policymakers and agricultural analysts.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Proprietors' Farm Income represents the net income earned by self-employed individuals from agricultural activities, including crop cultivation, livestock production, and related services. This metric is used to assess the financial well-being of the farming sector and inform policy decisions related to agricultural subsidies, trade, and rural development.
Methodology
The data is collected through surveys of farm operators and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
Proprietors' Farm Income is monitored by economists, policymakers, and agricultural industry groups to gauge the financial state of the farming sector and guide policy interventions.
Key Facts
- Arizona is a major agricultural state, producing a variety of crops and livestock.
- Proprietors' Farm Income in Arizona has fluctuated significantly over the past decade.
- The health of the farming sector is closely tied to the overall economic performance of rural Arizona communities.
FAQs
Q: What does this economic trend measure?
A: Proprietors' Farm Income in Arizona measures the net income earned by self-employed farmers and ranchers from agricultural activities in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of the financial health and performance of the agricultural sector in Arizona, which is a critical component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of farm operators and compiled by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Proprietors' Farm Income in Arizona is monitored by policymakers, economists, and agricultural industry groups to guide decisions related to agricultural subsidies, trade policies, and rural development initiatives.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical delay of several months between the end of the reference period and the data release.
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Citation
U.S. Federal Reserve, Proprietors' Farm Income in Arizona (AZOFAR), retrieved from FRED.