This study presents farmer and farm income on Finnish farms in years 1980- 1997. Income includes on-farm income, such as agricultural and forestry income, and off-farm income, such as income from off-farm labour participation. This income is compared to several reference groups as industrial workers and other entrepreneurs. The data are the Enterprise and Income Statistics of Agriculture and Forestry. When these data are complemented by the data on the personal taxation of farmer and spouse, it is possible to compare farmers' total income. In income comparisons, the average wage income of skilled industrial worker is calculated by means of the standard wage rate and the observed working hours. The year 1990 was among the best harvest years in the Finnish agriculture, and agricultural income per person on full time farms was about 80 % of the average salary of a skilled industrial worker. If income from forestry, other entrepreneurial income and wages and salaries were taken into an account, farmers' income would have been about 94 % of the salary of industrial worker. After 1990, farmer income has decreased and the salary of the industrial worker has increased. At the same time while farmers' income from other sources has increased the farmer income has been gradually decreasing. Thus, the share of agricultural income of farmers' total income has become smaller. At the beginning of 90's the share of agricultural income from farmers' total income was 50 %. In 1997 the corresponding share was 41 %. According to IAHS- statistics, which describes the level, formation and distribution of income among households, income of farmer households is competitive to that of other socio-economic groups in most EU-countries. When comparison is made per person or consumer unit, differences between socio-economic groups are smaller. In most countries, however, farmers' income is smaller than income of other entrepreneurs'.