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
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...
- Report Summary,
- Abstract, Acknowledgements, Contents, and Summary,
- Special Feature: Multiple-Operator Farms,
- U.S. Farms: Numbers, Size, and Ownership,
- Farm Income and Financial Performance,
- Sources and Levels of Operator Household Income,
- Government Payments,
- Farm Business Arrangements,
- Appendix 1: Comparing ARMS and Census Estimates of Multiple-Operator Farms,
- Appendix 2: Measuring Operator Household Income and Net Worth,
- Entire Document,
Need help with PDFs?
See the companion brochure, America's Diverse Family Farms: Structure and Finances