USDA: Farm Households Report Working off the Farm Provide Greater, More Stable Income

 

Source: USDA Communications

via Hoosier Ag Today - Jun 23, 2020

 

Nearly half of all family farm operators and their spouses reported having a job off the farm in 2018.

 

The majority of households, regardless of farm size, report that they work off the farm because it is more lucrative than farm work, provides more reliable income, and may offer health and retirement benefits.

 

Households had the option to report more than one reason for working off the farm.

 

Among small family farms—those with annual gross cash farm income (GCFI) under $350,000—about 88 percent of these households reported working off the farm because it was more reliable and 75 percent because it was more lucrative.

 

By comparison, among large-scale farm households—those with GCFI of $1 million or more—about 72 percent reported working off the farm because it was more reliable and 51 percent because it was more lucrative.

 

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https://www.hoosieragtoday.com/usda-farm-households-report-working-off-the-farm-provide-greater-more-stable-income/