Median farm income, off-farm income, and total income of U.S. farm households, 2021–26F

Farm households typically receive income from farm and off-farm sources. Median farm income earned by farm households is forecast at -$1,498 for 2025 after inflation and is forecast to increase to -$1,161 in 2026. Many farm households primarily rely on off-farm income. Median off-farm income is forecast at $92,123 for 2025, an increase of 0.8 percent after inflation from 2024 (3.4 percent in nominal terms). In 2026, median off-farm income is forecast to increase by a further 0.8 percent after inflation to $92,815 (3.3 percent in nominal terms). Since 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.