Structure and Finances of U.S. Farms: Family Farm Report, 2007 Edition
by
Robert Hoppe, Penni Korb,
Erik O'Donoghue, and David E. Banker
Economic Information Bulletin No. (EIB-24) 58 pp, June 2007
Cover image for eib24
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 account for 10 percent of U.S farms, but 75 percent of the value of production. In contrast, small family farms make up most of the U.S. farm count, produce a modest share of farm output, and receive substantial off-farm income. Many farm households have a large net worth, reflecting the land-intensive nature of farming.
Keywords: Contracting, family farms, farm businesses, farm financial performance, farm-operator household income, farm operators, farm structure, farm type, million-dollar farms, small farms
In this publication...
-
Report summary, Pdf file 143 kb | HTML
-
Abstract, Contents, and Summary, Pdf file 85 kb
-
Introduction, Pdf file 86 kb
-
U.S. Farms: Numbers, Size, and Ownership, Pdf file 228 kb
-
Operator Demographics, Pdf file 135 kb
-
Farm Income and Financial Performance, Pdf file 99 kb
-
Sources and Levels of Operator Household Income, Pdf file 113 kb
-
Government Payments, Pdf file 118 kb
-
Special Feature: The Shift to Large Farms, Pdf file 162 kb
-
Contracting, Pdf file 98 kb
-
Conclusions, Pdf file 44 kb
-
References, Pdf file 41 kb
-
Appendix I, Pdf file 36 kb
-
Appendix II, Pdf file 85 kb
-
Entire report, Pdf file 941 kb
Need help with PDFs?
See the companion brochure,
America’s Diverse Family Farms, 2007 Edition (EIB-26).
