Median farm income, off-farm income, and total income of farm households, 2018–22

Dollars (nominal)

Bar chart with 3 groups and 5 items per group.

Group 1, Median farm income.
Item 1, 2018 -1735.
Item 2, 2019 296.
Item 3, 2020 -1198.
Item 4, 2021 210.
Item 5, 2022 -849.
Group 2, Median off-farm income.
Item 1, 2018 65841.
Item 2, 2019 68750.
Item 3, 2020 67873.
Item 4, 2021 82809.
Item 5, 2022 81108.
Group 3, Median total income.
Item 1, 2018 72481.
Item 2, 2019 83111.
Item 3, 2020 80060.
Item 4, 2021 92239.
Item 5, 2022 95418.

Note: The median is the income level at which half of all households have lower incomes and half have higher incomes. Because 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.

Source: USDA, Economic Research Service and USDA, National Agricultural Statistics Service, Agricultural Resource Management Survey. Data as of November 30, 2023.