Study finds 82% of farmstead income is earned outside the farm

Study finds 82% of farmstead income is earned outside the farm

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The Facts Inside Our Reporter’s Notebook Research shows more farmers aren’t relying on the harvest to make ends meet, and the trend is changing the economic distance between rural and urban communities.
“I don’t want to paint this as challenge for agriculture,” Alan Spell, an assistant extension professor at the University of Missouri, said in an interview with The Center Square. “In many ways, it’s kind of the opposite. It’s just a story that hasn’t been told very much.”
Spell co-authored the report “The Importance of Off-Farm Income to the Agricultural Economy.” The research shows the growing interdependence of rural...
Source: https://justthenews.com/nation/states/center-square/missouri-study-82-farmstead-income-earned-outside-farm?utm_source=justthenews.com&utm_medium=feed&utm_campaign=external-news-aggregators