Center for Agriculture and the Economy

Leveraging expertise from the Kansas City Fed, the Center provides timely analysis of industry developments and conducts ongoing research on the agricultural economy.

Growth in Farm Lending Activity Persists

Large operating and livestock loans continued to drive strong growth in farm lending activity at commercial banks in the first...

Agricultural Finance Update | National Survey of Terms of Lending to Farmers | US Agriculture

Strong Farm Loan Demand Supports Ag Bank Earnings

Earnings performance at agricultural banks improved in 2025 alongside strong growth in farm loans.

Agricultural Finance Update | US Agriculture | Commercial Bank Call Report

Catching Up or Falling Behind? The Pace of Income Convergence in Rural and Urban America

Slowing rates of income convergence suggest the relative gap between average rural and urban income could persist.

Economic Review | Rural | Economic Geography

Population Has Declined in Farming Dependent Counties Since the Pandemic

April 16, 2026
By John McCoy

Since 2020, farming-dependent counties were the only major county typology where population growth has been negative. There has, however, been significant variation in population growth across farming dependent counties. The most sluggish county, Tallahatchie Co., Mississippi, lost more than 1,700 residents from 2020 to 2025 (15% of its population). Over the same time frame, Jerome Co., Idaho gained more than 2,000 people (8% of its population). Maintaining population is crucial for many reasons, including ensuring the steady supply of local labor, preserving local tax bases, and sustaining demand for goods and services provided by local businesses. Counties with notable declines could be more exposed to potential economic challenges.

The image shows two panels. On the left, a bar chart showing the percentage change in population for counties according to their USDA-defined economic dependence. On the right, a bar chart shows components of population change as an average share of population across all counties.

Note: County dependencies are mutually exclusive and defined by External Linkthe USDA. Counties with “no dependence” are not reliant on any industry in particular.
Sources: USDA, Census Bureau, and Federal Reserve Bank of Kansas City staff calculations

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