Distribution of farms, value of production, and farm assets, 2020

Percent of U.S. farms, value of production, and assets

Bar chart with 8 groups and 3 items per group.

Group 1, Retirement.
Item 1, Farms 10.9.
Item 2, Value of production 0.9.
Item 3, Farm assets 7.8.
Group 2, Off-farm occupation.
Item 1, Farms 38.8.
Item 2, Value of production 4.4.
Item 3, Farm assets 18.7.
Group 3, Farming occupation: Low-sales.
Item 1, Farms 34.
Item 2, Value of production 5.7.
Item 3, Farm assets 22.6.
Group 4, Farming occupation: Moderate-sales.
Item 1, Farms 5.5.
Item 2, Value of production 9.4.
Item 3, Farm assets 10.3.
Group 5, Midsize family farms.
Item 1, Farms 5.6.
Item 2, Value of production 20.2.
Item 3, Farm assets 15.6.
Group 6, Large.
Item 1, Farms 2.6.
Item 2, Value of production 26.1.
Item 3, Farm assets 13.5.
Group 7, Very large.
Item 1, Farms 0.3.
Item 2, Value of production 20.
Item 3, Farm assets 4.3.
Group 8, Nonfamily.
Item 1, Farms 2.4.
Item 2, Value of production 13.4.
Item 3, Farm assets 7.1.

Note: Details may not add up to 100 percent due to rounding. Small family farms have annual gross cash farm income (GCFI) less than $350,000, measured before deducting expenses. Midsize family farms have GCFI of $350,000–$999,999. Large-scale family farms have GCFI of $1,000,000 or more.
Source: USDA, Economic Research Service and USDA, National Agricultural Statistics Service, 2020 Agricultural Resource Management Survey (data as of December 2021).