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American farms encompass a wide range of sizes, ownership structures, and business types, but most farms are still family farms. Family farms account for 98 percent of farms and 85 percent of production. Although most farms are small and own most of the farmland, production has shifted to very...
Persistent link: https://www.econbiz.de/10008519020
U.S. farms are diverse, ranging from small retirement and residential farms to enterprises with annual sales in the millions. Nevertheless, most U.S. farms—98 percent in 2004—are family farms. Even the largest farms tend to be family farms. Large-scale family farms and nonfamily farms...
Persistent link: https://www.econbiz.de/10008519049
Ninety-one percent of U.S. farms are classified as small—gross cash farm income (GCFI) of less than $250,000. About 60 percent of these small farms are very small, generating GCFI of less than $10,000. These very small noncommercial farms, in some respects, exist independently of the farm...
Persistent link: https://www.econbiz.de/10008456871
National average statistics related to farm production mask the diversity in the Nation's 2 million farms and the people who operate them. Farms in the United States differ not only by size (sales and acres) and type of production, but also by organizational characteristics (land ownership,...
Persistent link: https://www.econbiz.de/10005500236
The Economic Research Service (ERS) developed a farm typology which categorizes farms into more homogeneous groups than do classifications based on sales volume alone, producing a more effective policy development tool. The typology is used to describe U.S. farms.
Persistent link: https://www.econbiz.de/10005806562
American farms vary widely in size and other characteristics, but farming is still an industry of family businesses. Ninety-eight percent of farms are family farms, and they account for 82 percent of farm production. Small family farms make up most of the U.S. farm count and hold the majority of...
Persistent link: https://www.econbiz.de/10008741283
Most farms in the United States—98 percent in 2003—are family farms. They are organized as proprietorships, partnerships, or family corporations. Even the largest farms tend to be family farms, although they are more likely to have more than one operator. Very large family farms and...
Persistent link: https://www.econbiz.de/10008519054
Million-dollar farms—those with annual sales of at least $1 million—accounted for about half of U.S. farm sales in 2002, up from a fourth in 1982 (with sales measured in constant 2002 dollars). By 2006, million-dollar farms, accounting for 2 percent of all U.S. farms, dominated U.S....
Persistent link: https://www.econbiz.de/10008476080
This report describes a farm typology developed by the Economic Research Service (ERS), which categorizes farms into more homogeneous groups than classifications based on sales volume alone, producing a more effective policy development tool. The typology is used to describe U.S. farm structure.
Persistent link: https://www.econbiz.de/10005500227
The distribution of commodity-related payments and Federal crop insurance indemnities to U.S. farmers has shifted to larger farms as more and more U.S. agricultural production is done on those farms. Since the operators of larger farms tend to have higher household incomes than other farm...
Persistent link: https://www.econbiz.de/10009645979