The farm economy in the first half the the 1990s.

From: Federal Reserve Bulletin | Date: December 1, 1994| Author: Rosine, John; Walraven, Nicholas | Copyright information

The agricultural industry has experienced a decline in average produce prices but has increased its production output during 1990-1994. Retail prices for produce and farm products have increased at a lower rate than retail prices in general during the first half of the 1990s. Thus, real net farm income has decreased between 1990 and 1994. However, farmers are not as deep in debt as during the 1980s and the value of farm assets has remained stable. Agricultural production has increased, but ha...

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