IDEAS home Printed from https://ideas.repec.org/p/ags/uersib/262118.html
   My bibliography  Save this paper

Structure and Finances of U.S. Farms: Family Farm Report, 2014 Edition

Author

Listed:
  • Hoppe, Robert A.

Abstract

Most U.S. farms-97 percent in 2011-are family operations, and even the largest farms are predominantly family-run. Midsize and large-scale family farms account for 8 percent of U.S. farms but 60 percent of the value of production. In contrast, small family farms make up 90 percent of the U.S. farm count but produce a 26-percent share of farm output.

Suggested Citation

  • Hoppe, Robert A., 2014. "Structure and Finances of U.S. Farms: Family Farm Report, 2014 Edition," Economic Information Bulletin 262118, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersib:262118
    DOI: 10.22004/ag.econ.262118
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/262118/files/50364_eib-132.pdf
    Download Restriction: no
    File URL: https://ageconsearch.umn.edu/record/262118/files/50364_eib-132.pdf?subformat=pdfa
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.262118?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Ahearn, Mary Clare, 2011. "Potential Challenges For Beginning Farmers And Ranchers," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 26(2), pages 1-6.
    2. Hoppe, Robert A. & Korb, Penelope J. & Banker, David E., 2008. "Million-Dollar Farms in the New Century," Economic Information Bulletin 58623, United States Department of Agriculture, Economic Research Service.
    3. O'Donoghue, Erik J. & Hoppe, Robert A. & Banker, David E. & Korb, Penni, 2009. "Exploring Alternative Farm Definitions: Implications for Agricultural Statistics and Program Eligibility," Economic Information Bulletin 291954, United States Department of Agriculture, Economic Research Service.
    4. Durst, Ron L., 2009. "Federal Tax Policies and Farm Households," Economic Information Bulletin 58619, United States Department of Agriculture, Economic Research Service.
    5. Nickerson, Cynthia & Ebel, Robert & Borchers, Allison & Carriazo, Fernando, 2011. "Major Uses of Land in the United States, 2007," Economic Information Bulletin 291937, United States Department of Agriculture, Economic Research Service.
    6. Hoppe, Robert A. & Banker, David E., 2010. "Structure and Finances of U.S. Farms: Family Farm Report, 2010 Edition," Economic Information Bulletin 291950, United States Department of Agriculture, Economic Research Service.
    7. MacDonald, James, 2014. "Family Farming in the United States," Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, United States Department of Agriculture, Economic Research Service, issue 02, pages 1-1, March.
    8. Johnson, Cheryl D., 1990. "A Historical Look at Farm Income," Statistical Bulletin 154702, United States Department of Agriculture, Economic Research Service.
    9. O'Donoghue, Erik J. & Hoppe, robert A. & Banker, David E. & Ebel, Robert & Fuglie, Keith & Korb, Penni & Livingston, Michael & Nickerson, Cynthia & Sandretto, Carmen, 2011. "The Changing Organization of U.S. Farming," Economic Information Bulletin 291938, United States Department of Agriculture, Economic Research Service.
    10. Bruce L. Ahrendsen & Ani L. Katchova, 2012. "Financial ratio analysis using ARMS data," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 72(2), pages 262-272, July.
    11. Hoppe, Robert A. & MacDonald, James M. & Korb, Penelope J., 2010. "Small Farms in the United States: Persistence Under Pressure," Economic Information Bulletin 58300, United States Department of Agriculture, Economic Research Service.
    12. Osteen, Craig D. & Vasavada, Utpal, 2012. "Agricultural Resources and Environmental Indicators, 2012 Edition," Economic Information Bulletin 132048, United States Department of Agriculture, Economic Research Service.
    13. Ahearn, Mary Clare, 2013. "Beginning Farmers and Ranchers At A Glance 2013 Edition," Economic Brief 146309, United States Department of Agriculture, Economic Research Service.
    14. Mishra, Ashok K. & El-Osta, Hisham S. & Morehart, Mitchell J. & Johnson, James D. & Hopkins, Jeffrey W., 2002. "Income, Wealth, And The Economic Well-Being Of Farm Households," Agricultural Economic Reports 33967, United States Department of Agriculture, Economic Research Service.
    15. McBride, William D. & Mathews, Kenneth H., Jr., 2011. "The Diverse Structure and Organization of U.S. Beef Cow-Calf Farms," Economic Information Bulletin 102764, United States Department of Agriculture, Economic Research Service.
    16. MacDonald, James M. & Korb, Penelope J., 2011. "Agricultural Contracting Update: Contracts in 2008," Economic Information Bulletin 101279, United States Department of Agriculture, Economic Research Service.
    17. Brown, Jason P. & Weber, Jeremy G. & Wojan, Timothy R., 2013. "Emerging Energy Industries and Rural Growth," Economic Research Report 262215, United States Department of Agriculture, Economic Research Service.
    18. Ahearn, Mary Clare & Yee, Jet & Ball, V. Eldon & Nehring, Richard F., 1998. "Agricultural Productivity in the United States," Agricultural Information Bulletins 33687, United States Department of Agriculture, Economic Research Service.
    19. MacDonald, James M. & Korb, Penni & Hoppe, Robert A., 2013. "Farm Size and the Organization of U.S. Crop Farming," Economic Research Report 262221, United States Department of Agriculture, Economic Research Service.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nehring, Richard F. & Badau, Flavius & Harris, Michael & Erickson, Kenneth W., 2017. "Relative Competitiveness of Crop/Livestock Farms: A current perspective," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258234, Agricultural and Applied Economics Association.
    2. Rebecca Dunning & J. Bloom & Nancy Creamer, 2015. "The local food movement, public-private partnerships, and food system resiliency," Journal of Environmental Studies and Sciences, Springer;Association of Environmental Studies and Sciences, vol. 5(4), pages 661-670, December.
    3. Kristy L. Archuleta & Lloyd G. Zimmerman & Kelley K. Williams & Charlotte Shoup Olsen & Brett Coffman & Emily Burr, 2017. "Midwestern Women’s Farm Business Roles and Farm Business Financial Satisfaction: An Exploratory Study," Journal of Family and Economic Issues, Springer, vol. 38(3), pages 390-404, September.
    4. Hisham S. El-Osta, 2016. "Farmland Ownership and Its Impact on the Debt Servicing Capacity Among U.S. Married-Couple Farm Households," Applied Economics and Finance, Redfame publishing, vol. 3(4), pages 190-206, November.
    5. Ukolova, Anna & Dashieva, Bayarma, 2016. "Statistical research of labor resources of agriculture in the USA (according to the 2012 Census of agriculture)," MPRA Paper 71663, University Library of Munich, Germany, revised 31 May 2016.
    6. Boland, Michael A. & Kopka, Christopher J. & Jacobs, Keri L. & Berner, Courtney & Briggeman, Brian C. & Elliott, Matthew & Friend, Diane & Kenkel, Phil & McKee, Greg & Olson, Frayne & Park, John L. & , 2022. "Extension Programming During a Pandemic: The Cooperative Director Foundations Program," Applied Economics Teaching Resources (AETR), Agricultural and Applied Economics Association, vol. 4(2), July.
    7. Sean Clark, 2020. "Financial Viability of an On-Farm Processing and Retail Enterprise: A Case Study of Value-Added Agriculture in Rural Kentucky (USA)," Sustainability, MDPI, vol. 12(2), pages 1-16, January.
    8. Becca B.R. Jablonski & Allison Bauman & Dawn Thilmany, 2021. "Local Food Market Orientation and Labor Intensity," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 43(3), pages 916-934, September.
    9. repec:ags:aaea16:236057 is not listed on IDEAS
    10. Michael A. Boland & Brian C. Briggeman & Keri Jacobs & Phil Kenkel & Gregory McKee & John L. Park, 2021. "Research Priorities for Agricultural Cooperatives and their Farmer‐Members," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 43(2), pages 573-585, June.
    11. Hadrich, Joleen C. & Pendell, Dustin L. & Kim, Youngjune, 2018. "The effect of financial structure and efficiency on Kansas farm growth," 2018 Annual Meeting, August 5-7, Washington, D.C. 274110, Agricultural and Applied Economics Association.
    12. Davis, Todd D. & Mark, Tyler B. & Shepherd, Jonathan, 2018. "Simulating the Value of Crop Insurance and PreHarvest Marketing," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2018.
    13. Jing Yi & Henry L. Bryant & James W. Richardson, 2020. "How do premium subsidies affect crop insurance demand at different coverage levels: the case of corn," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 45(1), pages 5-28, January.
    14. Bauman, Allison & Jablonski, Becca B.R. & Thilmany McFadden, Dawn, 2016. "Evaluating Scale and Technical Efficiency among Farms and Ranches with a Local Market Orientation," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 242364, Agricultural and Applied Economics Association.
    15. Adjemian, Michael & Brorsen, B. Wade & Hahn, William & Saitone, Tina L. & Sexton, Richard J., 2016. "Thinning Markets in U.S. Agriculture," Economic Information Bulletin 232928, United States Department of Agriculture, Economic Research Service.
    16. Nehring, Richard & Gillespie, Jeffrey & Erickson, Kenneth & Harris, J. Michael & Heutte, Silke & Sauer, Johannes, 2018. "Small U.S. Dairy Farms: Can They Compete? A Revisit," 2018 Annual Meeting, February 2-6, 2018, Jacksonville, Florida 266535, Southern Agricultural Economics Association.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hoppe, Robert & Korb, Penni, 2013. "Characteristics of Women Farm Operators and Their Farms," Economic Information Bulletin 148543, United States Department of Agriculture, Economic Research Service.
    2. MacDonald, James M. & Korb, Penni & Hoppe, Robert A., 2013. "Farm Size and the Organization of U.S. Crop Farming," Economic Research Report 262221, United States Department of Agriculture, Economic Research Service.
    3. MacDonald, James M. & Hoppe, Robert A. & Newton, Doris, 2018. "Three Decades of Consolidation in U.S. Agriculture," Economic Information Bulletin 276247, United States Department of Agriculture, Economic Research Service.
    4. MacDonald, James M., 2011. "Why Are Farms Getting Larger? The Case Of The U.S," 51st Annual Conference, Halle, Germany, September 28-30, 2011 115361, German Association of Agricultural Economists (GEWISOLA).
    5. Hoppe, Robert A. & MacDonald, James M., 2013. "Updating the ERS Farm Typology," Economic Information Bulletin 147120, United States Department of Agriculture, Economic Research Service.
    6. Scott W. Fausti & Matthew A. Diersen, 2020. "Competitive forces affecting capacity decisions of South Dakota feedlot operations," Agricultural Economics, International Association of Agricultural Economists, vol. 51(3), pages 459-473, May.
    7. Rachael Goodhue & Leo Simon, 2016. "Agricultural contracts, adverse selection, and multiple inputs," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 4(1), pages 1-33, December.
    8. Jeremy G. Weber & Conor Wall & Jason Brown & Tom Hertz, 2015. "Crop Prices, Agricultural Revenues, and the Rural Economy," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 37(3), pages 459-476.
    9. Chang, Hung-Hao & Mishra, Ashok K. & Lee, Tzong-Haw, 2019. "A supply-side analysis of agritourism: Evidence from farm-level agriculture census data in Taiwan," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 63(3), July.
    10. Katchova, Ani L. & Ahearn, Mary Clare, 2014. "Farmland Ownership and Leasing: Implications for Young and Beginning Farmers," Staff Papers 184725, University of Kentucky, Department of Agricultural Economics.
    11. Bigelow, Daniel & Borchers, Allison & Hubbs, Todd, 2016. "U.S. Farmland Ownership, Tenure, and Transfer," Economic Information Bulletin 262138, United States Department of Agriculture, Economic Research Service.
    12. Nehring, Richard F. & Badau, Flavius & Harris, Michael & Erickson, Kenneth W., 2017. "Relative Competitiveness of Crop/Livestock Farms: A current perspective," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258234, Agricultural and Applied Economics Association.
    13. Ani L. Katchova & Mary Clare Ahearn, 2016. "Dynamics of Farmland Ownership and Leasing: Implications for Young and Beginning Farmers," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 38(2), pages 334-350.
    14. Capalbo, Susan Marie & Wu, JunJie & Olen, Beau, 2014. "Conservation Programs: Understanding the Role for Economics and Opportunities for Improvement," Agricultural Outlook Forum 2014 168325, United States Department of Agriculture, Agricultural Outlook Forum.
    15. Martinez, Stephen & Park, Timothy, 2021. "Marketing Practices and Financial Performance of Local Food Producers: A Comparison of Beginning and Experienced Farmers," Economic Information Bulletin 327367, United States Department of Agriculture, Economic Research Service.
    16. Hisham S. El-Osta, 2018. "Strategies to Manage Risk and their Role in Impacting Economic Performance among Farm Households," Applied Economics and Finance, Redfame publishing, vol. 5(2), pages 49-64, March.
    17. White, T. Kirk & Hoppe, Robert A., 2012. "Changing Farm Structure and the Distribution of Farm Payments and Federal Crop Insurance," Economic Information Bulletin 120309, United States Department of Agriculture, Economic Research Service.
    18. Brown, Jason P. & Goetz, Stephan J. & Fleming, David A., 2012. "Multifunctional Agriculture and Farm Viability in the United States," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 126929, Agricultural and Applied Economics Association.
    19. Bigelow, Daniel & Borchers, Allison, 2017. "Major Uses of Land in the United States, 2012," Economic Information Bulletin 263079, United States Department of Agriculture, Economic Research Service.
    20. Burns, Christopher & Kuhns, Ryan, 2016. "The Changing Organization and Well-Being of Midsize U.S. Farms, 1992-2014," Economic Research Report 262190, United States Department of Agriculture, Economic Research Service.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:uersib:262118. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/ersgvus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.