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American farms vary widely in size and other characteristics, but farming is still an industry of family businesses. Ninety-eight percent of farms are family farms, and they account for 82 percent of farm production. Small family farms make up most of the U.S. farm count and hold the majority of...
Persistent link: https://www.econbiz.de/10008741283
American farms vary widely in size and other characteristics, but farming is still an industry of family businesses. Ninety-eight percent of farms are family farms, and they account for 86 percent of farm production. Very small farms are growing in number, and small family farms continue to own...
Persistent link: https://www.econbiz.de/10008564560
U.S. farms are diverse, ranging from small retirement and residential farms to enterprises with annual sales in the millions. Nevertheless, most U.S. farms—98 percent in 2004—are family farms. Even the largest farms tend to be family farms. Large-scale family farms and nonfamily farms...
Persistent link: https://www.econbiz.de/10008519049
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, although they are more likely to have more than one operator. Very large family farms and...
Persistent link: https://www.econbiz.de/10008519054
Million-dollar farms—those with annual sales of at least $1 million—accounted for about half of U.S. farm sales in 2002, up from a fourth in 1982 (with sales measured in constant 2002 dollars). By 2006, million-dollar farms, accounting for 2 percent of all U.S. farms, dominated U.S....
Persistent link: https://www.econbiz.de/10008476080
The USDA’s Economic Research Service (ERS) farm typology was originally developed to classify farms into relatively homogeneous groups based on their gross farm sales, the primary occupation of their operators, and whether the farms are family farms. Nearly 15 years have passed since ERS first...
Persistent link: https://www.econbiz.de/10010878797
Ninety-one percent of U.S. farms are classified as small—gross cash farm income (GCFI) of less than $250,000. About 60 percent of these small farms are very small, generating GCFI of less than $10,000. These very small noncommercial farms, in some respects, exist independently of the farm...
Persistent link: https://www.econbiz.de/10008456871
The rate at which U.S. farms go out of business, or exit farming, is about 9 or 10 percent per year, comparable to exit rates for nonfarm small businesses in the United States. U.S. farms have not disappeared because the rate of entry into farming is nearly as high as the exit rate. The...
Persistent link: https://www.econbiz.de/10005321050
This paper examines farms in areas undergoing development, using a longitudinal file constructed by linking several agricultural censuses. Individual farms are followed over the 1982-97 period. Survival, exit, and entrance rates are presented for three types of farms: recreational, adaptive, and...
Persistent link: https://www.econbiz.de/10005807742
National average statistics related to farm production mask the diversity in the Nation's 2 million farms and the people who operate them. Farms in the United States differ not only by size (sales and acres) and type of production, but also by organizational characteristics (land ownership,...
Persistent link: https://www.econbiz.de/10005500236