Annual
PIEAFD02RUA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.12
Year-over-Year Change
304.13%
Date Range
1/1/1998 - 1/1/2011
Summary
The Annual trend measures the annual percent change in farm proprietors' income, providing insights into the economic performance 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
Farm proprietors' income represents the net income earned by sole proprietors and partnerships engaged in farm production. This metric is a key indicator of the financial health and profitability of the U.S. farming industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and economists closely monitor farm income trends to assess the state of the agricultural economy and inform policy decisions.
Key Facts
- Farm proprietors' income accounts for approximately 10% of total U.S. farm sector income.
- The Annual trend has exhibited significant volatility, reflecting the cyclical nature of the agricultural industry.
- Trends in farm income are closely watched by policymakers to assess the health of the rural economy.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in farm proprietors' income, which represents the net income earned by sole proprietors and partnerships engaged in agricultural production.
Q: Why is this trend relevant for users or analysts?
A: Farm income is a key indicator of the financial health and profitability of the U.S. agricultural sector, making this trend important for policymakers, economists, and stakeholders in the farming industry.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive economic accounts.
Q: How is this trend used in economic policy?
A: Trends in farm income are closely monitored by policymakers to assess the state of the rural economy and inform decisions on agricultural support programs, trade policies, and other initiatives that impact the farming industry.
Q: Are there update delays or limitations?
A: The Annual trend is published with a lag, and users should be aware of potential revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual (PIEAFD02RUA661N), retrieved from FRED.