TopicsTopics

Stay Connected

Follow ERS on Twitter
Subscribe to RSS feeds
Subscribe to ERS e-Newsletters.aspx
Listen to ERS podcasts
Read ERS blogs at USDA
Image: Farm Economy

Limited Resource Farmers

Only 11 percent of family farm households were classified as limited resource farms in 2011, based on low farm sales and low household income (see table on the characteristics of principal farm operator households, by limited resource farmer status, 2011 Excel icon (16x16)). On average, they lost money farming on a cash basis (after depreciation). Many of these households had large farm losses, which explains why their median income is greater than their average income. (The opposite is usually true for most farm classifications.) Their relatively low off-farm income is not surprising, given that nearly 60 percent of principal operators of limited resource farms are 65 years old or older. However, in spite of their low sales and household income, their median net worth was nearly $400,000 in 2011.

 

Chart data
Download larger size chart (486 pixels by 369 pixels, 96 dpi)

Last updated: Monday, November 25, 2013

For more information contact: James Williamson

Share or Save this Page