Median farm income, median off-farm income, and median total income of farm operator households, 2016–21F

Dollars (nominal)

Bar chart with 3 groups with 6 items per group.

Group 1, Median farm income.
Item 1, 2016 -940.
Item 2, 2017 -1035.
Item 3, 2018 -1735.
Item 4, 2019 296.
Item 5, 2020F 767.
Item 6, 2021F 495.
Group 2, Median off-farm income.
Item 1, 2016 66468.
Item 2, 2017 67500.
Item 3, 2018 65841.
Item 4, 2019 68750.
Item 5, 2020F 69784.
Item 6, 2021F 71407.
Group 3, Median total income.
Item 1, 2016 76250.
Item 2, 2017 74707.
Item 3, 2018 72481.
Item 4, 2019 83111.
Item 5, 2020F 86086.
Item 6, 2021F 86917.

Note: F = forecast. The median is the income level at which half of all households have lower incomes and half have higher incomes. 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. Source: USDA, Economic Research Service and National Agricultural Statistics Service, Agricultural Resource Management Survey. Data as of February 5, 2021.