Most farms are small, but large farms account for the largest share of production value

A bar chart shows U.S. farms and their value of production by farm type in 2023.

Gross cash farm income (GCFI) includes income from commodity cash receipts, farm-related income, and Federal Government payments. Family farms (where the majority of the business is owned by the operator and individuals related to the operator) of various types together accounted for 96 percent of U.S. farms in 2023. Small family farms (less than $350,000 in GCFI) accounted for 86 percent of all U.S. farms. Large-scale family farms ($1 million or more in GCFI) accounted for about 4 percent of farms and nearly 48 percent of the value of production.

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