Many farm families do. For most farmers, income is both irregular and unpredictable. Although living standards on the farm have become more and more comparable to those of non-farm families, there are some important differences in managing farm family finance. This publication is designed to help the farm family take control of family living expenses by sharpening managerial skills. Although farm households are similar in many respects to the typical rural household, there are some unique and important differences in managing farm family finances.
Income is irregular and uncertain.
Except for some enterprises like dairy and poultry production, farm income fluctuates widely and is often received in a few very large amounts. Prices and costs can vary widely from projected levels. Household expenditures are small when compared to farm expenses. Many farm couples find it difficult to control family living expenses when they spend large amounts for the farm businesses. Housing expenses are often lower than for non-farm families.