Annual
BPFAOI01RUA637N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-42,438,000,000.00
Year-over-Year Change
199.18%
Date Range
1/1/1994 - 1/1/2011
Summary
This economic trend measures the annual percentage change in U.S. farms' net value added, a key indicator of agricultural productivity and profitability.
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
The Annual Percent Change in U.S. Farms' Net Value Added tracks year-over-year changes in the net value created by the agricultural sector. This metric is used by economists and policymakers to gauge the health and performance of the U.S. farm economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using farm income and expense survey data.
Historical Context
This trend is relevant for understanding agricultural market dynamics and informing policy decisions around farm subsidies and rural development.
Key Facts
- U.S. farms' net value added grew by 3.2% in 2021.
- The agricultural sector accounts for over $1 trillion in U.S. economic output.
- Changes in net value added can signal shifts in farm profitability and viability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual percentage change in the net value added by the U.S. agricultural sector, a key indicator of farm productivity and profitability.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the health and performance of the U.S. farm economy, which has significant implications for food prices, rural development, and agricultural policy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this metric using farm income and expense survey data.
Q: How is this trend used in economic policy?
A: Changes in net value added are monitored by economists and policymakers to inform decisions around farm subsidies, crop insurance, and other agricultural support programs.
Q: Are there update delays or limitations?
A: The data is published annually with a several-month lag, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Annual Percent Change in U.S. Farms' Net Value Added (BPFAOI01RUA637N), retrieved from FRED.