was $253496 in 2023. That was nearly $90000 above middle class, depending on whose definition you use. Not all farmers earn that much, and some years are much harder than that. But in a good year, the average farmer has a higher than middle class income.
In 2023, the median U.S. farm household had $1,439,138 in wealth. Households operating commercial farms (those with gross cash farm income of at least $350,000) had $3.6 million in total wealth at the median, substantially more than the households of residence or intermediate farms.
