Definition of Off-farm (non-farm) income

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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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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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