Off farm income becoming bigger part of ag and rural economy

IARN – According to a recent study by the University of Missouri, American farmers and producers are becoming more dependent on income sources outside of their farms.

The research concludes that 82 percent of farm household income now comes from off-farm.

Rob Fox with CoBank says that while the number is high it doesn’t mean that people have left rural areas to go to urban areas. He says rural economies are more diverse now.

For more on this story visit the Iowa Agribusiness Radio Network.

Photo courtesy of Farm Rescue

 

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