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...

Household economic well-being can be gauged by the financial resources (income/ wealth) available to the household or by the standard of living enjoyed by household members (consumption). Based on responses to USDA’s annual Agricultural Resource Management Survey (ARMS), a joint effort by the...

In fiscal 2008, the $4.6 billion of food purchased with vouchers from the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) generated $1.3 billion in farm revenue. Because WIC participants would have purchased some of these foods with their own money in the absence of...

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...

Thirty years ago, China began implementing a series of reforms to improve efficiency in agricultural production. These, and subsequent, reforms reshaped China’s position in the world economy. China’s rapid economic development and transformation from a planned to a market-oriented economy,...

This report presents a simple methodology for calculating cross-price elasticities across countries, using the Frisch own-price elasticity. Cross-price elasticities are calculated for 9 major consumption categories from the 1996 International Comparison Program data across 114 countries. The...