Proprietors' Farm Income in Hawaii
HIOFAR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.80
Year-over-Year Change
-83.25%
Date Range
1/1/1950 - 1/1/2025
Summary
The Proprietors' Farm Income in Hawaii measures the net earnings of sole proprietors and partnerships engaged in farm operations within the state.
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
This economic indicator provides insights into the financial well-being of Hawaii's farming sector and is used by economists to assess the overall state of the agricultural industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and industry analysts closely monitor this trend to understand the economic conditions facing Hawaii's farmers and ranchers.
Key Facts
- Hawaii's farm income has grown steadily over the past decade.
- Diversified agriculture is a key driver of Hawaii's rural economies.
- Sustained growth in farm income signals a healthy agricultural sector.
FAQs
Q: What does this economic trend measure?
A: The Proprietors' Farm Income in Hawaii measures the net earnings of sole proprietors and partnerships engaged in farm operations within the state.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into the financial health and economic conditions facing Hawaii's farming sector, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts closely monitor this trend to understand the economic conditions facing Hawaii's farmers and ranchers, which informs decision-making and policy development.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Proprietors' Farm Income in Hawaii (HIOFAR), retrieved from FRED.