Small family farms accounted for 86 percent of U.S. farms and generated 17 percent of the value of production in 2023

In 2023, about 86 percent of all farms were small family farms. These farms—which have gross cash farm income (GCFI) below $350,000—operated on 41 percent of U.S. agricultural land, while producing 17 percent of the total value of agricultural production. The number of small family farms and their operated acres fell slightly relative to 2022, when they represented 87 percent of all farms and operated 44 percent of agricultural land. Large-scale family farms (those with GCFI above $1 million), represented 4 percent of farms and accounted for 31 percent of agricultural land and 48 percent of the total value of agricultural production in 2023. Midsize family farms (those with GCFI of between $350,000 and $999,999) represented 6 percent of farms and accounted for 18 percent of agricultural land and 18 percent of the total value of agricultural production. In total, family farms accounted for about 96 percent of total farms, 90 percent of agricultural land, and 83 percent of total production value in 2023. The remaining 4 percent of farms were classified as nonfamily farms, a category that varies in size, income, and ownership structure and includes partnerships (of nonrelative partners), nonfamily corporations, and farms with a hired manager not related to the owners. Nonfamily farms accounted for 17 percent of the total value of agricultural production. This chart appears in America’s Farms and Ranches at a Glance, 2024 edition.