Economic Information Bulletin No. (EIB-132) 67 pp

December 2014

Structure and Finances of U.S. Farms: Family Farm Report, 2014 Edition

Most U.S. farms-97 percent in 2011-are family operations, and even the largest farms are predominantly family-run. Midsize and large-scale family farms account for 8 percent of U.S. farms but 60 percent of the value of production. In contrast, small family farms make up 90 percent of the U.S. farm count but produce a 26-percent share of farm output.

Keywords: Contracting, family farms, farm businesses, farm financial performance, farm-operator household income and wealth, farm operators, farm structure, farm typology, Federal crop insurance, Government payments, limited-resource farms, small farms, tenure

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