Proprietors' Farm Income in Missouri
MOOFAR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,399.70
Year-over-Year Change
-47.19%
Date Range
1/1/1948 - 1/1/2025
Summary
The Proprietors' Farm Income in Missouri measure represents the total income earned by farm operators in the state. It is a key indicator of economic activity and well-being in Missouri's 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
This economic series tracks the total income earned by farm owners and operators in the state of Missouri. It provides insight into the profitability and financial health of the state's farming industry, which is an important component of the overall economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Proprietors' farm income is used by policymakers and economists to assess the economic conditions in Missouri's agricultural markets.
Key Facts
- Missouri is one of the top agricultural states in the U.S.
- Farming accounts for over $10 billion in annual economic output in Missouri.
- Proprietors' farm income varies significantly based on crop yields and commodity prices.
FAQs
Q: What does this economic trend measure?
A: The Proprietors' Farm Income in Missouri measure represents the total income earned by farm operators in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the profitability and financial health of Missouri's agricultural sector, which is a key component 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: Proprietors' farm income is used by policymakers and economists to assess the economic conditions in Missouri's agricultural markets.
Q: Are there update delays or limitations?
A: The data is subject to updates and revisions by the data source.
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Citation
U.S. Federal Reserve, Proprietors' Farm Income in Missouri (MOOFAR), retrieved from FRED.