Economic Information Bulletin No. (EIB-263) 32 pp

December 2023

America’s Farms and Ranches at a Glance: 2023 Edition

American farms represent a diverse set of business operations and farm operators. This annual report describes characteristics of U.S. farms and ranches with the most recent data from the Agricultural Resource Management Survey (ARMS), an annual survey conducted by USDA, National Agricultural Statistics Service (NASS) and USDA, Economic Research Service (ERS). Statistics are presented using a farm classification developed by USDA, ERS to categorize farms into groups with some common characteristics. The classifications used are mainly based on each farm’s annual revenue, the main occupation of the farm’s principal operator, and ownership (family versus nonfamily). Additionally, the report explores the differences in farm operations in 2022 by race and ethnicity of the operators.

How to Cite:

Whitt, C., Lacy, K., & Lim, K. (2023). America’s farms and ranches at a glance: 2023 edition (Report No. EIB-263). U.S. Department of Agriculture, Economic Research Service.

Keywords: Farm, ranch, Agricultural Resource Management Survey (ARMS), farm structure, farm principal operator, farm household well-being, credit usage, Government payments, Federal crop insurance, socially disadvantaged (SDA) farm operations, family farm, operating profit margin (OPM), farm financial performance, farm income, farm credit, farm debt

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