Off-farm Income

OFI 948: Farming As One Stream Of Revenue In Your Overall Portfolio – A Healthy Perspective

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Sinopsis

Article Referenced In Podcast https://www.forbes.com/sites/lauratenenbaum/2020/01/29/digging-in-the-dirt-really-does-make-people-happier/?sh=6266d29031e1 Show Notes On today’s show I wanted to revisit the idea of farm ownership and lifestyle.  That is what this show is all about, and I wanted to take some time to discuss this subject with all of you some more. There may not be a more challenging enterprise to try and get into or maintain in the United States than farming.  So many of us long for and have a vision of this lifestyle that we pursue it anyway.  If this is something you are pursuing, trying to maintain or are dreaming about doing one day, I think a shift in perspective might be useful to help assuage the frustration that is inevitably going to come.   Let me start by giving you some statistics.  Median total household income among all farm households in the U.S. is $83,111, and that is better than the average U.S. household income by about $15,000.  However, median household income of farms in