National & World Ag News Headlines
Small Family Farms Accounted for Half of Farmland; Quarter of Production
USAgNet - 02/12/2019
In 2016, 99 percent of U.S. farms were family farms, where the principal operator and his or her relatives owned the majority of the business.
Small family farms—those with less than $350,000 in annual gross cash farm income (GCFI)—accounted for about 90 percent of U.S. farms, half of all farmland, and a quarter of the value of production.
By comparison, large-scale family farms—those with $1 million or more in GCFI—made up only 3 percent of U.S. farms and 18 percent of farmland, but contributed 45 percent of production.
Nonfamily farms, such as partnerships of unrelated partners and corporations, accounted for just 1 percent of U.S. farms and 10 percent of production.
The 19 percent of nonfamily farms with GCFI of $1 million or more accounted for 88 percent of all nonfamily farms’ production.
Send this article to a friend
Other National Headlines
U.S. Wins WTO Ruling Against China Grain Import Quotas
Ag Groups Ask President, Congress for Disaster Relief
Study: Pig Farmers Make Environmental Sustainability Strides
Hoosier Ag Today to Acquire Michigan Ag Info Network
Florida Climate Smart Ag Initiative Announced
Could 2018 Tariff Impact Been Foreseen?
Study: Purple Corn Phenols Fight Diabetes, Obesity, Inflammation
Copyright © 2019 - USAgNet.com. All Rights Reserved.