Economic Research Report No. (ERR-219) 52 pp

October 2016

The Changing Organization and Well-Being of Midsize U.S. Farms, 1992-2014

Between 1992 and 2012, midsize farms - those with gross cash farm income (GCFI) between $350,000 and $1 million - declined in number by about 5 percent. This report examines midsize farms during the period from 1992 to 2014 and describes how commodity prices, the farm economy, and Government payments influenced their growth, survival, and well-being.

Keywords: Government payments, gross cash farm income, household income, farm exits, farm financial performance, farm operators, farm structure, farm survival, farm type, midsize farms, value of production

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