Study: US Farm Income Highly Concentrated

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A new study by the American Farm Bureau Federation finds that farm income in the United States is highly concentrated among a few states. Using USDA data, the study found that four states, California, Texas, Iowa and Nebraska accounted for more than 30% of the total US net farm income in 2025. The state rankings were similar for gross farm revenue and farm production expenses. Finally, the study concluded that ten states “accounted for more than 50% of the nation’s real gross farm income” in 2025. The below exhibit is reproduced from the American Farm Bureau Federation’s press release.

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