The Importance of Off-Farm Income to the Agricultural Economy
September 19, 2022
CoBank’s Knowledge Exchange division recently partnered with the University of Missouri to study the economic fabric that supports rural and agricultural communities. The report outlines the changes to farm household employment and income dynamics over the past few decades. The results reveal increasingly interconnected rural and urban economies, and a farm economy that is deeply supported by off-farm jobs.
Disclaimer: The information provided in this report is not intended to be investment, tax, or legal advice and should not be relied upon by recipients for such purposes. The information contained in this report has been compiled from what CoBank regards as reliable sources. However, CoBank does not make any representation or warranty regarding the content, and disclaims any responsibility for the information, materials, third-party opinions, and data included in this report. In no event will CoBank be liable for any decision made or actions taken by any person or persons relying on the information contained in this report.
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