USDA: Most Farmers Receive Some Type of Off-Farm Income
USAgNet - 09/26/2013
A new report from the U.S. Department of Agriculture shows that the median total household income among all farm households is about $57,050, which exceeds the median for all U.S. households of $50,054 in 2011.
More than half of U.S. farms are very small, with annual sales under $10,000; the households operating these farms typically draw all of their income from off-farm sources.
Median household income and income from farming increase with farm size, as defined by sales.
The typical household operating the largest commercial farms earned about $380,000 in 2011, and most of that came from farming.