Farm Household Income Forecast
Median Income of Farm Operator Households Expected To Remain Level in 2017
Farm households typically receive income from both farm and off-farm sources. The total median income of U.S. farm households increased steadily over 2010-14, reaching an estimated $81,637 in 2014. Median household income, which fell 6 percent in 2015, is forecast to remain level at $76,831 in 2017. Median farm income earned by farm households in 2016 is estimated to be negative at -$940 and forecast to dip slightly (to -$1,325) in 2017. In recent years, slightly more than half of farm households have lost money on their farming operations each year. Most of these households earn positive off-farm income—and median off-farm income is forecast to increase 2.3 percent next year, from $66,468 in 2016 to $67,969 in 2017. (Because 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.)
See the Farm Household Income and Characteristics data product tables for financial statistics of farm operator households.