Topics Topics

America’s Diverse Family Farms, 2007 Edition

by Robert Hoppe, David E. Banker, Penni Korb, Erik O'Donoghue, and James MacDonald

Economic Information Bulletin No. (EIB-26) 12 pp, June 2007

cover image for eib26
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 large farms. Farms with sales of $1 million or more make up less than 2 percent of all farms, but they account for 48 percent of farm product sales. Most of these million-dollar farms are family farms. Because small-farm households rely on off-farm work for most of their income, general economic policies, such as tax or economic development policy, can be as important to them as traditional farm policy.

Keywords: Family farms, farm program payments, farm production, farm household income, commodity payments, direct payments, government payments, Agricultural Resource Management Survey, contracting

In this publication...

Need help with PDFs?

For more detail, see Structure and Finances of U.S. Farms: Family Farm Report, 2007 Edition (EIB-24).

Last updated: Saturday, May 26, 2012

For more information contact: Robert Hoppe, David E. Banker, Penni Korb, Erik O'Donoghue, and James MacDonald

Share or Save this Page

Text Only Options

Top of page


Text Only Options

Open the original version of this page.

Usablenet Assistive is a UsableNet product. Usablenet Assistive Main Page.