Proprietors' Farm Income in Wisconsin
WIOFAR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,527.60
Year-over-Year Change
-34.70%
Date Range
1/1/1948 - 1/1/2025
Summary
Proprietors' Farm Income in Wisconsin measures the income earned by farm business owners in the state. This metric is important for understanding the financial health and performance of the 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
Proprietors' Farm Income represents the portion of total farm income that accrues to farm business owners, rather than hired workers or other parties. It's a key indicator of profitability and economic conditions in Wisconsin's agricultural industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using tax records and survey information.
Historical Context
Policymakers and industry analysts use this metric to assess the viability and growth prospects of Wisconsin's farm businesses.
Key Facts
- Wisconsin is a major agricultural state, producing dairy, crops, and livestock.
- Farm proprietors' income accounts for over a third of total farm earnings in Wisconsin.
- Trends in Proprietors' Farm Income reflect the profitability and financial health of the state's farm businesses.
FAQs
Q: What does this economic trend measure?
A: Proprietors' Farm Income in Wisconsin measures the income earned by the owners and operators of farm businesses in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial performance and viability of Wisconsin's agricultural sector, which is a key 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 using tax records and survey information from farm businesses.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use Proprietors' Farm Income to assess the health and growth prospects of Wisconsin's farm businesses, which informs agricultural and economic policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in reflecting the most recent economic conditions.
Related Trends
Chain-Type Quantity Index for Real GDP: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Wisconsin
WIRENTQGSP
Average Weekly Earnings of All Employees: Professional and Business Services in Wisconsin
SMU55000006000000011A
Business Formations Within Four Quarters: Total for All NAICS in Wisconsin
BFBF4QTOTALSAWI
Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Wisconsin
WIDURMANRGSP
Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in Wisconsin
WINMMPMANQGSP
All Employees: Service-Providing in Wisconsin
SMS55000000700000001
Citation
U.S. Federal Reserve, Proprietors' Farm Income in Wisconsin (WIOFAR), retrieved from FRED.