Meeting agricultural policy and statistical goals requires a definition of U.S. agriculture's basic unit, the farm. However, these goals can be at odds with one another. USDA defines farm very broadly to comprehensively measure agricultural activity. Consequently, most establishments classified...

The U.S. farm sector is characterized by a great deal of heterogeneity. One reason for the heterogeneity in farm sizes is the multiple objectives of producers, which in addition to profit‐making, include a high‐quality rural lifestyle. The traditional aggregate indicators capture the...