Median farm household income forecast up in 2011 and 2012

Median farm household income forecast up in 2011 and 2012

Median total farm household income is expected to increase by 1.9 percent in 2011, to $55,405. Most farm households earn the majority of their income from off-farm sources and off-farm income is expected to increase by 3.0 percent in 2011, to 51,889. In 2010, median total farm household income was $54,370, up 4.1 percent from 2009 and 1.2 percent above the 5-year average for 2006-10. Median farm and off-farm income was $-2,020 and $50,385, respectively, both higher than in 2009. This chart is found in the topic Farm Household Well-Being on the ERS website, updated August 30, 2011.


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