TeachMeFinance.com - explain Off-farm (non-farm) income
Off-farm (non-farm) income The term 'Off-farm (non-farm) income ' as it applies to the area of agriculture can be defined as ' That portion of farm household income obtained off the farm, including nonfarm wages and salaries, pensions, and interest income earned by farm families. On average for all farms in the United States, off-farm income accounts for about 90% of farm operator household income'.
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