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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

Cover image 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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Last updated: Wednesday, December 19, 2012

For more information contact: David Banker and James M. MacDonald