The paper reports results of a study of the role of peasant agriculture and forest product extraction activities for income among 501 households in north-eastern Peru. Products from agriculture contribute 57% of the market value while agro forestry products like plantain and umarl generate 30% of the market value. Fishing generates 17%. The methods and analytic approach used is an example for livelihood studies of forest reliant peasants. There is need for research in support of more effective market oriented conservation of the Amazonian rain forests.