2 ms·

I'm not sure that's the best example. Median farm family incomes are a good 30% higher than median non-farm family incomes in the US [1], and farming comes wit

I'm not sure that's the best example. Median farm family incomes are a good 30% higher than median non-farm family incomes in the US [1], and farming comes with benefits like really low cost of living. Farming is quite a lucrative profession. [1] http://www.usda.gov/documents/FARM_FAMILY_INCOME.pdf http://www.usda.gov/documents/FARM_FAMILY_INCOME.pdf

randomdata 11y ago
From your link: "85-95 percent of farm household income has come from off-farm sources" which only reiterates how small farm incomes can be, despite the huge amount of capital required to do it. If you have another job then you can possibly have both the income and wealth, but that is not exactly a guarantee for everyone. To add to that, while things may not be so bad right now, your link also shows periods where total farm household income was considerably less than the general population. 'Land rich, cash poor' is very much a thing.