Farm Income by Type of Farm, 1982 and 1983

Donn A. Reimund and Agapi Somwaru

No 307989, Agricultural Economic Reports from United States Department of Agriculture, Economic Research Service

Abstract: Net farm income in 1983 was higher for most types of crop farms than in 1982 and lower for most types of livestock and poultry farms. Average incomes ranged from $82,000 for vegetable growers to $1,500 for cattle, hog, and sheep producers. Substantial off-farm incomes (averaging more than $17,000 per farm) and low farm incomes on some farm types suggest that farming is a sideline for many. If part-time farms were excluded, or listed separately, the resulting income figures might show farm sector well-being more accurately than the aggregate estimate now used.

Keywords: Consumer/Household Economics; Crop Production/Industries; Financial Economics; Livestock Production/Industries (search for similar items in EconPapers)
Pages: 17
Date: 1985-03
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerser:307989

DOI: 10.22004/ag.econ.307989

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