Are farmers wealthy in the US?

Farm operator households have more wealth than the average U.S. household because significant capital assets, such as farmland and equipment, are generally necessary to operate a successful farm business. In 2023, the median U.S. farm household had $1,439,138 in wealth.

Are farmers upper class?

But, here's the curious thing, you will seldom hear farmers dividing themselves up by reference to class. We're all sort of upper/lower middling middle class. We're not nobs but we're not riff raff either. You won't find many of us at the ballet or the bingo.

What is the average income of a farmer in the US?

The average salary for a farmer is $18.20 per hour in the United States. 1.1k salaries taken from job postings on Indeed in the past 36 months (updated August 25, 2025).

Is farming lucrative in the US?

Median total household income among all farm households ($97,984) exceeded the median total household income for all U.S. households ($80,610) in 2023. Median household income and income from farming increased with farm size and most households earned some income from off-farm employment.

What country has the richest farmers?

20 RICHEST FARMERS IN THE WORLD AND THEIR NET WORTH 1. Liu Yongxing (China) – Animal feed production, $7.2 billion. 2. Prince Sultan Bin Mohammed Bin Saud Al Kabeer (Saudi Arabia) – Dairy farming, $5.8 billion.

Top 10 Richest Farmers in America: Billionaires of Agriculture! | Wealthiest Farmers of USA

Why are American farmers so rich?

Farm operator households have more wealth than the average U.S. household because significant capital assets, such as farmland and equipment, are generally necessary to operate a successful farm business. In 2023, the median U.S. farm household had $1,439,138 in wealth.

Are farmers rich or poor in the UK?

In 2023/24, 30 per cent of farms failed to make a profit, while 52 per cent made more than £100,000. While the average income for farmers grazing livestock is £26,000 (a bit lower than the median income), the average income of specialist pig farmers, at £91,000 before tax, puts them in the top 4 per cent of earners.

What kind of farmers make the most money?

On a per acre basis the most profitable form is niche farming for high value-add products. Think heirloom tomatoes , exotic chickens, etc.

Are farmers underpaid in the US?

The same farm workers who work hard to provide food to the country often struggle to make ends meet and provide food for themselves and their families. In fact, farm workers have the lowest annual family incomes of any U.S. wage and salary workers.

What state has the wealthiest farmers?

The wealthiest farmer in the United States lives and farms in California.

Do farmers earn a lot of money?

In 2021/22, the average Farm Business Income (FBI) across all UK farm types, at current prices, was £72,000 compared to £46,500 in 2020/21. FBI varies greatly with 10% of UK farms failing to make a positive FBI in 2021/22 while 41% of farms had an FBI of over £50,000.

What is the average age of a farmer in the USA?

Did you know the average age of the American farmer is 57 years old? According to the U.S. Senate Committee on Aging, farming has the oldest workforce in the nation. Furthermore, nearly 40% of all farmland owned in the U.S. is owned by farmers who are 65 and older.

How much does the US government pay farmers?

The average amount collected annually, $28,000 per year over the 40-year period, totals $10.7 billion. The top 10 repeat farm subsidy recipients collected between $9 million and $19 million each during this period. Table 1. The 10 largest recipients of consecutive federal farm payments annually between 1985 to 2024.

What type of person is a farmer?

A farmer is a person who runs and works on a farm. Some farmers raise a variety of food crops, while others keep dairy cows and sell their milk. Farmers work in some aspect of agriculture, growing vegetables, grains, or fruit; or raising animals for milk, eggs, or meat.

Who is considered the upper-middle class?

Most people in the upper-middle class strata are highly educated white collar professionals such as but not limited to physicians, dentists, lawyers, military officers, economists, business analysts, urban planners, university professors, architects, supervisors and proprietors of sales jobs, psychologists, scientists, ...

What education level do most farmers have?

Primarily, farmers are trained through hands-on experience and are not required to do tertiary studies. However, degrees and diplomas in farming or agriculture are available, and are an advantage when looking for a position in the field.

Do farmers pay tax in America?

Farmers are business owners if they grow crops and raise livestock to sell. As business owners, tax law in the United States requires that they pay taxes on behalf of their businesses and their employees. Some exceptions apply to farmers' taxable income and may help to reduce the tax burden of farmers.

Why are US farmers in trouble?

They've said they cannot survive on low crop prices with input costs at an all-time high. A bigger challenge facing the industry is a vanishing workforce, often due to recent immigration raids. The labor shortage for U.S. farmers is expected to exceed 400,000 jobs.

Where are farmers paid the most?

Top 65 Highest Paying States for Farmer Jobs in the U.S.

Topping the list is Washington, with District of Columbia and New York close behind in second and third. New York beats the national average by 9.4%, and Washington furthers that trend with another $5,859 (13.3%) above the $44,189.

What is the highest paid job in farming?

What do farmers spend the most money on?

Feed, at $83.6 billion, was the largest expense item, accounting for 18.5% of farm expenditures. Feed (up $18.4 billion), fertilizer, lime, and soil conditioners (up $7.3 billion), as well as labor (up $4.8 billion) were the three categories with the largest increases between 2021 and 2022.

Which crop is most expensive?

1. Saffron – The 'Red Gold' of Agriculture. Saffron remains one of the most expensive spices globally, with prices ranging from $3,500 to $5,000 per kilogram.

Are farmers rich in France?

It highlights a high degree of inter-annual variability on the average income of French farmers, with a peak of €55,800 in 2022 and a low point of €21,300 in 2016 (for an average of €34,100 per year over the 2010-2022 period).

Why do rich people buy farms in the UK?

It's therefore likely that the motivation behind it is either: to close a perceived unfair loophole; or to pursue an ideological aim. The loophole is that very rich people can buy very large tracts of farmland in order to shelter their very large estates from inheritance tax.

Are farmers well off?

Official figures show that many farms still barely break even. In recent years, only a fifth (16-20%) of farms have seen a positive Farm Business Income (FBI) after costs, and only about a quarter (26-28%) saw their FBI exceed £50,000. That's not much to live on for what's also long and hard work.