Farm income

Farm income refers to the money that farmers earn from selling the products they grow or raise on their farms, such as crops, livestock, and dairy. It includes revenue from direct sales, government subsidies, and other sources like agritourism or leasing land. Farm income is influenced by factors such as crop prices, production costs, weather conditions, and market demand. Understanding farm income is essential for assessing the economic health of the agricultural sector and its impact on rural communities and food supply chains. It plays a crucial role in the overall economy, especially in agricultural regions.