• Is the little house on the prairie getting even smaller?: The downward trend of U.S. farm income

    2 monthes ago - By FRED

    Living on the farm is always subject to the vagaries of nature. If you're farming to earn income, life is also subject to changes in the marketplace and in the policy realm. This graph follows the fortunes of farmers who own their farms. The proprietors' income series shown here, for farms, is adjusted for inflation and tracks revenue that farm owners receive from their investment in land, machinery, and structures as well as the fruits of their own labor. (NOTE: When you want to divide national income into labor income and capital income, you're left with a chunk you can't attribute...
    Read more ...