Median income for households operating a farm business compared with U.S. households with self-employment income, 1996-2018

Dollars (2018)

Line chart with 23 groups, 2 lines.

Group 1, 1996.
Line 1, Self-employed household head 75131.
Line 2, Households operating a farm business 37661.
Group 2, 1997.
Line 1, Self-employed household head 74506.
Line 2, Households operating a farm business 42364.
Group 3, 1998.
Line 1, Self-employed household head 76528.
Line 2, Households operating a farm business 46846.
Group 4, 1999.
Line 1, Self-employed household head 78623.
Line 2, Households operating a farm business 51811.
Group 5, 2000.
Line 1, Self-employed household head 82006.
Line 2, Households operating a farm business 49581.
Group 6, 2001.
Line 1, Self-employed household head 80335.
Line 2, Households operating a farm business 44674.
Group 7, 2002.
Line 1, Self-employed household head 79562.
Line 2, Households operating a farm business 55502.
Group 8, 2003.
Line 1, Self-employed household head 80213.
Line 2, Households operating a farm business 53247.
Group 9, 2004.
Line 1, Self-employed household head 78527.
Line 2, Households operating a farm business 54744.
Group 10, 2005.
Line 1, Self-employed household head 80375.
Line 2, Households operating a farm business 60656.
Group 11, 2006.
Line 1, Self-employed household head 82613.
Line 2, Households operating a farm business 60007.
Group 12, 2007.
Line 1, Self-employed household head 83741.
Line 2, Households operating a farm business 54434.
Group 13, 2008.
Line 1, Self-employed household head 79628.
Line 2, Households operating a farm business 50658.
Group 14, 2009.
Line 1, Self-employed household head 75579.
Line 2, Households operating a farm business 49966.
Group 15, 2010.
Line 1, Self-employed household head 78443.
Line 2, Households operating a farm business 53540.
Group 16, 2011.
Line 1, Self-employed household head 77347.
Line 2, Households operating a farm business 56206.
Group 17, 2012.
Line 1, Self-employed household head 77645.
Line 2, Households operating a farm business 62751.
Group 18, 2013.
Line 1, Self-employed household head 77913.
Line 2, Households operating a farm business 66736.
Group 19, 2014.
Line 1, Self-employed household head 76679.
Line 2, Households operating a farm business 78324.
Group 20, 2015.
Line 1, Self-employed household head 81762.
Line 2, Households operating a farm business 66543.
Group 21, 2016.
Line 1, Self-employed household head 81401.
Line 2, Households operating a farm business 66490.
Group 22, 2017.
Line 1, Self-employed household head 87050.
Line 2, Households operating a farm business 64320.
Group 23, 2018.
Line 1, Self-employed household head 86401.
Line 2, Households operating a farm business 56160.

Note: Farm businesses are defined as farms with gross cash farm income over $350,000 in 2018 dollars, or farms where the principal operator lists farming as the primary occupation. Household income is estimated only for households operating family farms. Changes to U.S. median income among households with self-employment income from 2016 and forward reflect changes in data collection and processing of the March supplement of the Current Population Survey as well as changes in actual household income. Source: USDA, Economic Research Service and National Agricultural Statistics Service, Agricultural Resource Management Survey, and U.S. Census Bureau, Current Population Survey. Values are adjusted for inflation using the chain-type GDP deflator, 2018=100. Data as of November 27, 2019.