Structure and Finances of U.S. Farms: 2005 Family Farm Report
by
Robert Hoppe and David Banker
Economic Information Bulletin No. (EIB-12) 50 pp, May 2006
Cover image
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. Very large family farms account for a small share of farms but a large—and growing—share of farm sales. Small family farms account for most farms but produce a modest share of farm output. Median income for farm households is 10 percent greater than the median for all U.S. households. Small-farm households also receive substantial off-farm income.
Keywords: Agricultural Resource Management Survey, family farms, farm businesses, farm financial performance, farm-operator household income, farm operators, farm structure, farm type, multiple-operator farms, multiple-generation farms, small farms, contracting
In this publication...
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Report Summary, Pdf file 116 kb
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Abstract, Acknowledgements, Contents, and Summary, Pdf file 1,883 kb
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Introduction, Pdf file 58 kb
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Special Feature: Multiple-Operator Farms, Pdf file 90 kb
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U.S. Farms: Numbers, Size, and Ownership, Pdf file 200 kb
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Farm Income and Financial Performance, Pdf file 131 kb
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Sources and Levels of Operator Household Income, Pdf file 99 kb
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Government Payments, Pdf file 152 kb
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Farm Business Arrangements, Pdf file 166 kb
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Conclusions, Pdf file 98 kb
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References, Pdf file 48 kb
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Appendix 1: Comparing ARMS and Census Estimates of Multiple-Operator Farms, Pdf file 54 kb
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Appendix 2: Measuring Operator Household Income and Net Worth, Pdf file 1,501 kb
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Entire Document, Pdf file 1,798 kb
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See the companion brochure,
America's Diverse Family Farms: Structure and Finances.
