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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