Proprietors' Farm Income in Delaware
DEOFAR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
691.20
Year-over-Year Change
18.78%
Date Range
1/1/1948 - 1/1/2025
Summary
Proprietors' Farm Income in Delaware measures the income of self-employed farmers in the state, providing insight into the economic health of the agricultural sector.
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
This series represents the net income of sole proprietorships and partnerships engaged in farming activities in the state of Delaware. It is a key indicator of the profitability and productivity of the state's agricultural industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Proprietors' Farm Income is closely watched by policymakers and industry analysts to assess the viability and growth prospects of Delaware's farming economy.
Key Facts
- Proprietors' Farm Income in Delaware reached a record high in 2021.
- Delaware's agricultural sector accounts for over 2% of the state's GDP.
- Soybeans and corn are the top crop commodities in Delaware by value.
FAQs
Q: What does this economic trend measure?
A: Proprietors' Farm Income in Delaware measures the net income of self-employed farmers and agricultural businesses in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the financial health and productivity of Delaware's agricultural sector, which is an important component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Proprietors' Farm Income in Delaware is closely monitored by policymakers and industry analysts to assess the viability and growth prospects of the state's farming economy.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a slight delay, but it provides a comprehensive and reliable measure of farm income in Delaware.
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Citation
U.S. Federal Reserve, Proprietors' Farm Income in Delaware (DEOFAR), retrieved from FRED.