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Median farm income, off-farm income, and total income of U.S. farm households, 2020–24F

A bar chart shows median farm income, median off-farm income, and median total income of U.S. farm households for the years 2020 through a forecast for 2024F.

Chart data

Farm households typically receive income from farm and off-farm sources. Median farm income earned by farm households is forecast at -$751 in 2024, a small increase from -$900 in 2023. Many farm households primarily rely on off-farm income. Median off-farm income is forecast at $82,775, an increase of 3.6 percent (1.1 percent after inflation) relative to 2023.

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