Farm Household Income and Characteristics

This data product presents the latest household income forecast and estimates for principal operators of U.S. family farms. On February 7, 2024, forecasts for calendar year 2023 were updated and forecasts for 2024 were added. For a discussion of the current conditions and trends in farm household income, see the Farm Household Well-being topic, which includes a glossary of terms used in the tables.

Tables also cover data pertaining to beginning, socially disadvantaged, and limited-resource farmers. For a discussion of the current conditions and trends concerning these groups, see the Beginning & Disadvantaged Farmers topic.

Tables also include data on health insurance coverage and expenditures of farm operator households. For a discussion of this topic, see the chapter on Health Insurance Coverage in the Farm Household Well-being topic.

Note: Estimates are subject to revision one year after their preliminary release. Revisions are made only when credible additional information becomes available that changes the summary of survey results.

Errata: On November 30, 2023, a rounding error was corrected for some historical values in two tables in the Farm Household Income and Characteristics data product (Table 3, "All farms and family farms by farm size class (gross sales), 1996–2021" and Table 13, "Mean and median farm operator household income and ratio of farm household to U.S. household income, 1960–2021"). No other data or text was affected.