Small Farms in the United States: Persistence Under Pressure
AbstractNinety-one percent of U.S. farms are classified as small—gross cash farm income (GCFI) of less than $250,000. About 60 percent of these small farms are very small, generating GCFI of less than $10,000. These very small noncommercial farms, in some respects, exist independently of the farm economy because their operators rely heavily on off-farm income. The remaining small farms—small commercial farms—account for most small-farm production. Overall farm production, however, continues to shift to larger operations, while the number of small commercial farms and their share of sales maintain a long-term decline. The shift to larger farms will continue to be gradual, because some small commercial farms are profitable and others are willing to accept losses.
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Bibliographic InfoPaper provided by United States Department of Agriculture, Economic Research Service in its series Economic Information Bulletin with number 58300.
Date of creation: Feb 2010
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Family farms; farm businesses; farm financial performance; farm-operator household income; farm operators; farm structure; noncommercial farms; small farms; small commercial farms; Agricultural and Food Policy; Farm Management;
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- NEP-AGR-2010-03-28 (Agricultural Economics)
- NEP-ALL-2010-03-28 (All new papers)
- NEP-CFN-2010-03-28 (Corporate Finance)
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