KANSAS CITY, MO – Though some producers are able to supplement their income with off-farm jobs, the Economic Research Service says dairy producers are the least likely to do so. The time that dairy operators invest is so great that few have time to do anything outside their operation. As a result, dairy farm households average just under $149,000 per year (in 2019). Despite that, dairy producers average more than $200,000 and are the third-highest paid. Rice, tobacco, cotton and peanut producers are most likely to have the highest average household income at more than $250,000. Hog producers have the second-highest income of around $230,000. Beef cattle producers have the lowest on-farm income as well as the lowest average household income of all commodities.
(SOURCE: All Ag News)