Proprietors' Farm Income in Louisiana
LAOFAR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-15.50
Year-over-Year Change
-104.10%
Date Range
1/1/1948 - 1/1/2025
Summary
The Proprietors' Farm Income in Louisiana measure represents the income earned by farm proprietors in the state. It is a key economic indicator for monitoring the health and performance of Louisiana's 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
Proprietors' farm income refers to the net income earned by self-employed farmers, ranchers, and other agricultural business owners. This metric provides insights into the profitability and productivity of Louisiana's farm economy, which is an important driver of the state's overall economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis through surveys and estimates of farm business income.
Historical Context
Policymakers and economists use this trend to assess the agricultural conditions and policy impacts within Louisiana.
Key Facts
- Louisiana's farm income accounts for over 2% of the state's GDP.
- Crop production makes up the largest share of Louisiana's farm income.
- Proprietors' farm income has grown by 15% in Louisiana over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Proprietors' Farm Income in Louisiana measure represents the net income earned by self-employed farmers, ranchers, and other agricultural business owners in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the profitability and productivity of Louisiana's farm economy, which is a key driver of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis through surveys and estimates of farm business income.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the agricultural conditions and policy impacts within Louisiana.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Proprietors' Farm Income in Louisiana (LAOFAR), retrieved from FRED.