The salary statistics of farmers, ranchers, and other agricultural managers are shown in Table 1. In the next few tables we compare the average salaries of farmers, ranchers, and other agricultural managers within different industry sectors and in the 50 states of the United States. The farmers, ranchers, and other agricultural managers annual salary statistics are from the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2019 and published in April 2020 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $37,530 |
| 25th Percentile Wage | $53,870 |
| 50th Percentile Wage | $71,160 |
| 75th Percentile Wage | $99,260 |
| 90th Percentile Wage | $132,760 |
Table 1 shows the average annual salary for farmers, ranchers, and other agricultural managers. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) farmers, ranchers, and other agricultural managers is $132,760. The median annual salary (50th percentile) is $71,160. The average annual salary for the bottom 10 percent is $37,530. It is noted that in the United States, the annual salary of the 90th percentile (the top 10 percent of the highest paid) is almost 253% higher than that of the bottom 10 percent.
The table and chart below show the trend of the median salary of farmers, ranchers, and other agricultural managers from 2012 to 2019.
| Year | Median Salary | Yearly Growth | 7-Year Growth |
|---|---|---|---|
| 2019 | $71,160 | 4.51% | 2.61% |
| 2018 | $67,950 | -2.46% | - |
| 2017 | $69,620 | 4.68% | - |
| 2016 | $66,360 | 3.30% | - |
| 2015 | $64,170 | -6.05% | - |
| 2014 | $68,050 | -3.03% | - |
| 2013 | $70,110 | 1.16% | - |
| 2012 | $69,300 | - | - |
The average salaries of farmers, ranchers, and other agricultural managers in 15 major industry sectors are shown in Table 2. We note that the salaries vary considerably within different industry sectors. The highest paying industry sector for farmers, ranchers, and other agricultural managers occupations is the manufacturing sector with an annual salary $91,580. The lowest paying sector is the other services (except federal, state, and local government) sector (annual salary $51,290).
From the above tables we note that not only farmers, ranchers, and other agricultural managers salaries vary considerably based on one's education and experience, and the industry sectors, they also change considerably from state to state. In the following table we compare the median salary of farmers, ranchers, and other agricultural managers in all 50 states of the United States. We note that the median annual salaries range from $45,970 to $96,940. The highest paying state for farmers, ranchers, and other agricultural managers is Minnesota with a median annual salary of $96,940. The lowest paying state is Mississippi with a median annual salary of $45,970. For more salary information of farmers, ranchers, and other agricultural managers profession in a specific state, use the links in the table.