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Farm Household Well-being - Farm Household Income Forecast

Median Income of Farm Operator Households Forecast to Increase in 2026

Median total farm household income is forecast to increase to $108,460 in 2026, a 1.2-percent increase from 2025 after adjusting for inflation (4.8 percent in nominal terms). 

Farm households typically receive income from farm and off-farm sources. Median farm income earned by farm households was -$495 in 2025 after inflation and is forecast to remain stable at -$467 in 2026. Many farm households primarily rely on off-farm income. Median off-farm income was $94,140 in 2025 and is forecast to remain relatively stable after adjusting for inflation at $93,975 in 2026 (though a 3.4-percent increase 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.

See the Farm Household Income and Characteristics data product tables for financial statistics of farm operator households. 

Median farm income, off-farm income, and total income of farm households, 2022-26F

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Suggested citation for linking to this discussion:

U.S. Department of Agriculture, Economic Research Service. (2026, September 3). Farm household well-being: Farm household income forecast.