Editor's Pick 2013, #5:
Small family farms account for most U.S. farms and a majority of farm assets
Ninety-seven percent of U.S. farms are family farms where the majority of the business is owned by the operator and individuals related to the operator. The remaining 3 percent are nonfamily farms, which produced 15 percent of the value of agricultural output in 2011. Two features of family farms stand out. First, there are many small family farms (having less than $250,000 in annual sales); together, they account for 87 percent of all U.S. farms. Second, large-scale family farms account for most of the Nation's agricultural production - 70 percent in 2011, as measured by value of output.