USDA: 99 Percent of U.S. Farmers Are "Family Farms"

December 12, 2016 02:24 PM
 
 

A new USDA report shows 99 percent of U.S. farmers were “family farms” in 2015.

A family farm is classified as a farm where the principal operator and his or her relatives own the majority of the business.

 

Breaking it down by size, the report shows small family farms, those less than $350,000 in annual gross cash farm income accounted for roughly 90 percent of U.S. farms, half of all farmland, and a quarter of the value of production.

Midsize and large-scale family farms, made up 9 percent of U.S. farms, but contributed most of the value of production.

However, small family farms did produce a relatively large share of two commodities in 2015: 57 percent of all poultry and eggs and 52 percent of the nation’s hay crop.

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Comments

 
Spell Check

guedo
sherburne, NY
12/12/2016 05:31 PM
 

  Yes and Walmart is just a Family Business.

 
 
Ben Dover
Turpin, OK
12/12/2016 07:47 PM
 

  It won't be after these foreign buyers get done here because of the downturn.

 
 

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