Analysis Reveals Importance of Off-Farm Income for Farm Households
An article published in USDA Economic Research Service’s Amber Waves shows that off-farm income is a major component of household income for farm households. Research revealed that in 2019, 96% of farm households derived some income from off-farm sources. On average, off-farm income contributed 82% of total income, or $101,638, for all family farms in 2019. On average, small family farms, those with an annual GCFI under $350,000, derived more than half of their total household income from off-farm income in 2019. A breakdown of income sources by type and size of farm is available online.