Farm household income to fall 2.5%

 Resize text         Printer-friendly version of this article Printer-friendly version of this article

click image to zoomWrench Farmers will have a smaller income this year with projected 2013 median income decreasing by 2.5 percent.

The USDA report lists the median total farm household income to reach $66,989 in 2013, down $1,691 from 2012.

The most recent data shows the total is a combination of farm income and off-farm income. This year’s farm income is projected to fall $847 to settle at a median loss of $2,300, however the median off-farm income is expected to increase by 1.8 percent, reaching $60,659 in 2013.

The USDA recognizes median total income will generally not equal the sum of median off-farm and median farm income because figures are based on unique distributions.



Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


BiG X

The Krone BiG X features a MAN engine and a revolutionary crop flow design, VariStream. VariStream adapts the cross section ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Leads to Insight