There has been increasing emphasis on livelihood strategies and diversification of income sources among the rural households. The objective of the study is to ascertain the level of diversification into income generating strategies among the rural farm households in Imo state. The study adopted multistage sampling technique to 90 households in 18 communities from the three agricultural zones of the state. Data were collected using structured questionnaire. Shannon index and equitable index were used to analyse data. The result shows that agricultural activities accounted for 36.21% of the total household income, while non-farm income accounted for 63.50% of the total household income. Crop production activities declined by 67.37%, animal production by 42.78%, sales from forest products by 25.18%, sales from palm tapping, hunting and gathering activities by 21.0% and 21.94%, respectively. However, self-employment activities like trading, artisan activities increased by 78.88%, remittances by 40.82%, non-agricultural wages by 40.66%, agricultural labour wages by 20.19% among others.