Retirement Strategies for Agribusiness

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Journal/Book Title/Conference

Progressive Dairyman

Publication Date



Farm and ranch households are affected by savings and retirement plans differently than most households in the United States. Due to the nature of farm business, farm households have different savings habits and more diverse financial portfolios than typical U.S. households. In general, farm households have more personal savings than the average household and have less dependence on social security income during retirement. Additionally, farm households earn income from both farm and off-farm sources. Commercial farm operators are less likely to have an employer sponsored pension and more likely to receive a larger share of their retirement income from farm assets.

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