Economic Information Bulletin No. (EIB-214) 24 pp
America’s Diverse Family Farms: 2019 Edition
This report provides an overview of U.S. farms, including the latest statistics on production, financial performance, and farm household characteristics by farm size. Among the findings, 98 percent of U.S. farms are family farms and they accounted for 88 percent of farm production in 2018. Most farms are small (90 percent), and they accounted for 21 percent of production that year.
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Keywords: family farms, agricultural production, farm typology, small farms, midsize farms, large farms, farm household income, Agricultural Resource Management Survey (ARMS), principal farm operator, spouse, farm financial performance, operating profit margin (OPM), off-farm income, self-employment, health care benefits, farm ownership, Government payments
In this publication...