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Farm Structure: Questions and Answers



Farms and farm product sales by farm organization, 1978-97*
 
Farms
Farm sales
 
1978
1987
1997
1978
1987
1997
 
Thousands
Billion dollars
U.S. total
2,258
2,088
1,912
107
136
197
 
share of farms (%)
share of sales (%)
Sole proprietorship
87.1
86.7
86.0
61.6
56.3
52.2
Partnership
10.3
9.6
8.9
16.1
17.1
18.1
Corporation
2.2
3.2
4.4
21.6
25.6
28.9
   Family-held
2.0
2.9
4.0
15.1
19.5
23.3
      10 or less stockholders
1.9
2.9
3.9
13.9
18.0
20.7
      More than 10 stockholders
0.1
0.1
0.1
1.2
1.5
2.6
   Other than family
0.3
0.3
0.4
6.5
6.1
5.6
      10 or less stockholders
0.2
0.3
0.4
3.6
4.3
3.7
      More than 10 stockholders
0.1
0.1
0.1
3.0
1.8
1.9
Other
0.4
0.6
0.8
0.6
0.9
0.9
*Percentages may not add due to rounding.
Notes: Family-held corporations have more than 50 percent of their stock owned by people related by blood or marriage.
Other organizations include coooperatives, estates or trusts, and institution such as museums, schools, or prisons.
Source: Census of Agriculture, 1978, 1987, and 1997.



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Updated date: November 10, 2003