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Median farm income, off-farm income, and total income of U.S. farm households, 2020–25F

by Farm Income Team
2/6/2025

Farm Household Well-being

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 2025F.

Download chart image | Chart data

Farm households typically receive income from farm and off-farm sources. Median farm income earned by farm households is forecast at -$651 in 2024 and is expected to reach -$328 in 2025. This follows a small forecast increase in farm income from 2023 to 2024. Many farm households primarily rely on off-farm income. Median off-farm income is forecast at $82,777 in 2024 after increasing 3.6 percent (1.1 percent after inflation) from 2023. In 2025 it is forecast to increase further by 3.3 percent (1.0 percent after inflation) to $85,528.

Median farm income, off-farm income, and total income of U.S. farm households, 2020–25F

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