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This is the cover image for the 'Structure and Finances of U.S. Farms: 2005 Family Farm Report' report.

Structure and Finances of U.S. Farms: 2005 Family Farm Report

  • by Robert A. Hoppe and David Banker
  • 5/15/2006
  • EIB-12

Overview

Most farms in the United States-98 percent in 2003-are family farms. They are organized as proprietorships, partnerships, or family corporations. Even the largest farms tend to be family farms. Very large family farms account for a small share of farms but a large-and growing-share of farm sales. Small family farms account for most farms but produce a modest share of farm output. Median income for farm households is 10 percent greater than the median for all U.S. households. Small-farm households also receive substantial off-farm income.

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