Distribution of family farm operator estates, returns, and taxes across farm type, 2014F

Percent of farms

Bar chart with 3 groups with 4 items per group.

Group 1, Small family farms.
Item 1, Estates 93.7.
Item 2, Tax returns 50.5.
Item 3, Estates with tax 32.6.
Item 4, Estate taxes 24.5.
Group 2, Midsize family farms.
Item 1, Estates 4.1.
Item 2, Tax returns 22.9.
Item 3, Estates with tax 33.5.
Item 4, Estate taxes 30.7.
Group 3, Large-scale family farms.
Item 1, Estates 2.2.
Item 2, Tax returns 26.6.
Item 3, Estates with tax 33.9.
Item 4, Estate taxes 44.8.

Note: If an estate has a value greater than the exemption amount ($5.34 million in 2014), it must file a return. Small family farms have gross cash farm income (GCFI) less than $350,000. Midsize family farms have GCFI of $350,000 to $999,999. Large scale-family farms have GCFI of $1,000,000 or more. Nonfamily farms are not included. F=forecast. Source: USDA, Economic Research Service and National Agricultural Statistics Service, 2013 Agricultural Resource Management Survey.