Structural and Financial Characteristics of U.S. Farms: 2004 Family Farm Report
by David Banker and James M. MacDonald
Agriculture Information Bulletin No. (AIB-797) 95 pp, March 2005
This report presents comprehensive information on family and nonfamily farms and important trends in farming, operator household income, farm performance, and contracting. Most farms are family farms. Even the largest farms tend to be family farms. Small family farms account for most of the farms in the U.S. but produce a modest share of farm output. Average farm household income has been at or above the average for all U.S. households in recent years, with farm households receiving most of their income from off-farm sources.
Keywords: Agricultural Resource Management Survey (ARMS), family farms, farm businesses, farm financial performance, farm operator household income, farm operators, farm structure, farm typology, women farm operators, spouses of farm operators, small farms
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