Economic Information Bulletin No. (EIB-12) 50 pp
Structure and Finances of U.S. Farms: 2005 Family Farm Report
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...
- Entire Report
- 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