Distribution of farms, value of production, and farm assets, 2012

Percent of U.S. farms, value of production, or assets

  Farms Value of production Farm assets
Retirement 18.1 0.8 9.5
Off-farm occupation 37.6 4.6 19.4
Farming occupation: Low-sales 27.9 6.9 20.8
Farming occupation: Moderate-sales 5.4 10.8 9.7
Midsize family farms 5.4 20.2 15.4
Large 2.6 27.8 14
Very large 0.2 13.7 3.6
Nonfamily 2.8 15.2 7.5

Note: Small family farms have gross cash farm income (GCFI) < $350,000. Midsize family farms have GFCI of $350,000-$999,999. Large-scale family farms have GFCI of $1,000,000 or more. Source: USDA, Economic Research Service and National Agricultural Statistics Service, 2012 Agricultural Resource Management Survey.