Forecasting Farm Income: Documenting USDA's Economic Model

摘要

Net cash and net farm income are the principal measures of the financial condition of the U.S. farm sector and are a major component of the National Income and Product Accounts of the U.S. Department of Commerce. The U.S. Department of Agriculture's farm income forecasting model is an accounting model for forecasting crop and livestock receipts for 32 individual commodities, government program payments for each program commodity, and expenses for 21 inputs, such as feed, seed, fertilizer, interest, and labor. The report describes the components and equations in the model.