Source: Ben Potter, FARM FUTURES, 5/16/18


Averages can be deceiving, but a look at a recent data set about farm income from USDA-ERS can be eye-opening. It suggests that on-farm income since 2013 has decreased each of the past five years, now down to a projected $21,130.
Off-farm income, in contrast, has stayed more or less steady during that time – and from a financial standpoint, it has clocked in more than four times the amount of on-farm income in 2017.

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