Structure and Finances of U.S. Farms: 2005 Family Farm Report
- by Robert Hoppe and David Banker
- 5/15/2006
Overview
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.
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Entire report
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Report Summary
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Abstract, Acknowledgements, Contents, and Summary
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Introduction
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Special Feature: Multiple-Operator Farms
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U.S. Farms: Numbers, Size, and Ownership
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Farm Income and Financial Performance
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Sources and Levels of Operator Household Income
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Government Payments
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Farm Business Arrangements
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Conclusions
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References
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Appendix 1: Comparing ARMS and Census Estimates of Multiple-Operator Farms
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Appendix 2: Measuring Operator Household Income and Net Worth
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