Median farm income, off-farm income, and total income of U.S. farm households, 2021–25F

Farm households typically receive income from farm and off-farm sources. Median farm income earned by farm households was -$1,830 in 2024 and is forecast to increase to -$1,189 in 2025. Many farm households primarily rely on off-farm income. Median off-farm income was $86,900 in 2024, an increase of 8.8 percent (6.1 percent after inflation) from 2023. In 2025, median off-farm income is forecast to increase by a further 3.4 percent (0.6 percent after inflation) to $89,881. Since farm and off-farm income are not distributed identically for every farm, median total income will generally not equal the sum of median off-farm and median farm income.