How Do You Compare to Your State’s Average Farm Income?
One of the more valuable ways to use USDA Ag Census data is as a benchmarking tool.
According to the census, 2017 average net cash income per farm in the U.S. was $43,053 compared to $43,750 in 2012. The data shows New Hampshire had the lowest net cash income per farm at $2,519 in 2017, however that’s twice what it was in 2012, when net cash income per farm in the state was -$2,286.
So, how did you stack up against the average net cash farm income in your state? Check it out on the map below by scrolling over your state to see data from 2017 and 2012.
While net cash income per farm stayed relatively flat from 2012 to 2017, the number of farms operating at a loss soared in the 2017 data—consistent with the struggling farm economy. In 2017 only 891,329 farms showed net gain compared to 972,445 farms in 2012.
While only 10 states had more farms show a gain in 2017 than 2012, it’s also important to note that the number of farms also declined in 2017. The 2012 census reported 2.1 million farms, the 2017 census showed just 2 million.
Still, it’s interesting to see how many farms in your state operated with gains and losses. To use the map below, scroll over your state to see data from 2017.