Leading, Slipping, Gaining, Lagging Analysis:
Assessing Farm Earnings Growth
Across Iowa Counties
Real* Farm
Earnings Growth
County vs Statewide Average: 2010-2022 and 2022
Real* Farm
Earnings Growth
Iowa:
2010-2022 = 21.75%
2022 = 29.30%
Borrowing from an approach that sometimes appears in the finance sections of the popular press, LSGL analysis is a handy and versatile way to compare, portray and classify the patterns of real farm earnings growth across all of Iowa's 99 counties. In finance, this technique is used for comparing and assessing the market performance of individual securities or across industry sectors. For example, the performance of the 30 stocks contained within Dow are compared with one another over the past week in contrast to their performance over the past month using the Dow's respective averages as the points of reference.
Here in this Iowa Regional Economic Analysis Project report, we adopt this approach to gauge and compare the real farm earnings growth of Iowa's 99 counties over the latest available year (2022) against the backdrop of their growth over the long term period (2010-2022). In so doing we classify their growth and performance into 4 broad categories: Leading, Slipping, Gaining and Lagging.
Real* Farm
Earnings Growth
County vs Statewide Average: 2010-2022 and 2022
Real* Farm
Earnings Growth
Iowa:
2010-2022 = 21.75%
2022 = 29.30%
This figure displays the 99 counties of Iowa as dots on a scattergram, with the vertical axis representing the average annual real farm earnings growth rate over the long-term period (2010-2022), and the horizontal axis representing the real farm earnings growth rate for the near-term (2022).
This figure sets apart those counties whose long-term real farm earnings growth exceeded the statewide average of 21.75%, by portraying them in the top two quadrants demarcated at 21.75% on the vertical axis. County whose long-term average annual real farm earnings growth rate trailed the statewide average (21.75%) are distributed in the bottom two quadrants. In all, 72 counties surpassed the statewide average over 2010-2022, while 27 counties fell below.
Similarly, the two quadrants on the right of this figure present the positions of the 34 counties whose most recent (2022) real farm earnings growth rate exceeded the statewide average (29.30%). The two quadrants on the left feature those 65 counties whose real farm earnings growth over 2022 trailed the statewide average.
Accordingly, each quadrant portrays the performance of all 99 counties corresponding with their long-term (2010-2022) and near-term (2022) performance relative to their respective statewide averages of 21.75% over 2010-2022 and 29.30% over 2022:
Leading counties () (top-right quadrant)...are counties whose average annual real farm earnings growth rate surpassed the statewide average both long-term (21.75%) and near-term (29.30%).
Slipping counties () (top-left quadrant)...are counties whose long-term average annual real farm earnings growth rate exceeded the statewide average (21.75%), but whose near-term growth has "slipped" by falling below the Iowa average (29.30%).
Gaining counties () (bottom-right quadrant)...are counties whose long-term average annual real farm earnings growth rate fell below the statewide average (21.75%), but whose near-term growth has "gained" by registering above the average (29.30%) statewide.
Lagging counties () (bottom-left quadrant)...are counties whose average annual real farm earnings growth rate fell under the statewide average both long-term (21.75%) and near-term (29.30%).
   
 
Summary of Iowa's 99 County Totals
 
Short Term Average
 
 
Below
(29.30%)
Above
(29.30%)
 
Long
Term
Average
Above
(21.75%)
46
26
72
Below
(21.75%)
19
8
27
 
65
34
99
 
   
Leading Counties
2022 vs. 2010-2022 Averages
Leading Counties
white dot
Iowa:
2010-2022 = 21.75%
2022 = 29.30%
Turning attention to the top-right quadrant from the discussion above, this figure features the distribution of the Iowa counties classified as Leading. These counties surpassed Iowa's average annual real farm earnings growth both long-term (2010-2022 = 21.75%) as well as near-term (2022 = 29.30%). Each is identified by its corresponding ranking based on it's average annual real farm earnings growth rate over 2010-2022.
Of Iowa's 99 counties, 26 (26%) are classified within the Leading () category. Those counties ranked by their long-term average include:
Slipping Counties
2022 vs. 2010-2022 Averages
Slipping Counties
Iowa:
2010-2022 = 21.75%
2022 = 29.30%
This figure depicts the distribution of the 46 Iowa counties classified as Slipping (top-left quadrant), in that their long-term average annual real farm earnings growth rate outpaced the average statewide (2010-2022 = 21.75%), while they trailed the statewide average near-term (2022 = 29.30%). Again, each county is identified by it's corresponding ranking based on its average annual real farm earnings growth rate over 2010-2022.
Observe that 46 (46%) of Iowa's 99 counties are classified as Slipping (). Those counties ranked by their long-term average include:
Gaining Counties
2022 vs. 2010-2022 Averages
Gaining Counties
white dot
Iowa:
2010-2022 = 21.75%
2022 = 29.30%
This figure shows the distribution of the 8 Iowa counties classified as Gaining (bottom-right quadrant), in that their long-term average annual real farm earnings growth rate posted below the average statewide (2010-2022 = 21.75%), while they outpaced Iowa's average near-term (2022 = 29.30%). Again, each county is identified by its corresponding ranking based on its average annual real farm earnings growth rate over 2010-2022.
Of Iowa's 99 counties, only 8% (8) are featured as Gaining (). Those counties ranked by their long-term average include:
Lagging Counties
2022 vs. 2010-2022 Averages
Lagging Counties
white dot
Iowa:
2010-2022 = 21.75%
2022 = 29.30%
This figure depicts the distributions of the 19 Iowa counties classified as Lagging (bottom-left quadrant). These counties trailed the statewide average annual real farm earnings growth both long-term (2010-2022 = 21.75%) as well as near-term (2022 = 29.30%). Again, each county is identified by its corresponding ranking based on it's average annual real farm earnings growth rate over 2010-2022.
19% of Iowa's counties, 19 of 99, are characterized here as Lagging (). Those counties ranked by their long-term average include:
   
 
Iowa
Real* Farm Earnings Growth
County vs. Statewide Average
 
2010-2022
 
2022
 
 
Leading Counties
 
26
53.42
 
33
30.84
81,023
 
59
26.80
 
3
116.00
170,643
 
10
135.92
 
1
752.76
19,946
 
14
81.07
 
31
31.11
18,532
 
36
40.18
 
13
45.02
172,481
 
35
40.18
 
11
48.15
137,752
 
3
509.96
 
26
34.27
61,389
 
62
26.03
 
29
31.82
121,905
 
44
31.63
 
12
45.80
210,209
 
34
40.98
 
10
50.14
144,568
 
53
28.62
 
32
30.92
176,978
 
28
50.72
 
23
36.08
68,559
 
45
30.50
 
30
31.81
76,563
 
16
67.72
 
28
33.22
36,497
 
64
25.29
 
21
37.44
100,950
 
29
50.55
 
20
37.90
54,463
 
69
22.12
 
6
57.25
102,332
 
48
29.77
 
9
51.53
147,141
 
42
32.66
 
5
57.49
86,190
 
72
21.89
 
4
79.66
385,442
 
9
149.16
 
14
41.59
34,418
 
46
29.97
 
24
36.02
189,998
 
17
67.38
 
7
56.51
88,450
 
19
66.49
 
18
39.73
111,708
 
58
27.05
 
34
30.64
133,035
 
7
179.30
 
2
135.51
202,911
Slipping Counties
 
22
65.73
 
37
28.03
57,408
 
66
24.50
 
53
22.14
91,822
 
2
516.66
 
99
-13.73
9,207
 
30
48.38
 
61
18.36
88,304
 
65
25.27
 
48
23.23
143,270
 
18
67.08
 
58
20.75
116,198
 
70
22.07
 
44
25.14
139,968
 
32
44.47
 
66
16.25
110,040
 
21
65.82
 
65
16.30
69,680
 
40
34.78
 
40
27.30
98,618
 
38
36.04
 
39
27.85
145,820
 
13
98.13
 
45
24.86
105,575
 
54
28.33
 
47
23.26
153,266
 
31
46.75
 
35
28.93
15,379
 
20
65.84
 
84
7.56
43,257
 
68
23.97
 
71
13.85
78,874
 
55
27.89
 
52
22.79
108,541
 
49
29.67
 
38
28.00
136,415
 
71
21.92
 
95
0.25
54,426
 
63
25.32
 
73
12.39
90,329
 
52
28.79
 
69
15.84
102,209
 
6
200.95
 
51
23.02
87,439
 
39
35.67
 
49
23.21
111,728
 
56
27.86
 
50
23.13
83,107
 
60
26.63
 
82
8.96
107,851
 
1
2,542.92
 
36
28.27
40,635
 
37
37.60
 
67
16.13
82,956
 
50
28.93
 
62
17.84
79,712
 
41
33.89
 
56
21.20
195,238
 
24
61.59
 
90
4.23
32,524
 
33
42.75
 
91
3.55
86,403
 
47
29.82
 
64
17.31
77,490
 
61
26.05
 
41
27.14
77,156
 
23
62.51
 
96
-0.17
33,654
 
43
32.18
 
89
4.80
45,642
 
27
53.08
 
78
10.89
15,262
 
25
56.42
 
77
11.04
44,046
 
51
28.84
 
94
0.63
39,950
 
15
70.01
 
70
14.00
61,270
 
67
24.15
 
57
21.11
127,627
 
57
27.37
 
85
7.10
79,536
 
4
343.59
 
60
18.52
27,700
 
11
117.75
 
74
12.09
22,832
 
5
227.28
 
93
2.44
33,381
 
12
101.72
 
98
-5.64
25,919
 
8
162.04
 
55
21.42
62,530
Gaining Counties
 
93
16.99
 
27
34.08
203,599
 
74
21.15
 
8
55.28
119,723
 
94
16.27
 
15
40.86
114,804
 
79
20.51
 
25
35.43
97,972
 
92
17.57
 
19
38.46
226,211
 
91
17.63
 
22
37.30
164,884
 
84
19.48
 
17
39.77
242,997
 
75
21.09
 
16
40.35
182,064
Lagging Counties
 
98
13.26
 
83
7.68
47,990
 
88
18.68
 
59
19.87
119,045
 
82
20.13
 
80
9.49
154,543
 
86
19.03
 
88
5.08
63,891
 
95
15.85
 
46
23.89
67,434
 
85
19.09
 
76
11.51
94,998
 
77
20.75
 
54
21.54
86,764
 
78
20.62
 
72
12.89
86,038
 
87
18.77
 
68
16.07
77,336
 
99
-24.80
 
97
-1.76
6,568
 
89
18.51
 
87
6.53
84,316
 
73
21.31
 
42
26.78
97,978
 
80
20.47
 
81
9.32
85,250
 
83
19.51
 
43
26.47
128,617
 
81
20.21
 
79
10.59
112,678
 
90
18.11
 
92
3.19
51,919
 
96
15.61
 
86
7.07
123,053
 
97
15.11
 
75
11.72
64,631
 
76
20.75
 
63
17.78
165,276
 
 
 
 
 
 
 
 
 
21.75
 
29.30
9,844,856
 
 
 
 
 
 
 
 
 
7.08
 
5.51
114,272,000
November 2023
REAP_PI_CA1600N_500000_LSGL
 
   
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