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Commercial Farms Led in Government Payments in 2021

Author

Listed:
  • Subedi, Dipak
  • Giri, Anil K.
  • Ghimire, Monika

Abstract

In 2021, more than 34 percent of U.S. farm households received Government payments. Totaling $14.3 billion, these payments went to farms of three types. About 75 percent of commercial farms—those with $350,000 or more in gross cash farm income (GCFI), as defined by USDA, Economic Research Service — received Government payments. For intermediate farms—defined as those with less than $350,000 in GCFI and a principal operator whose primary occupation is farming—31 percent received Government payments. Finally, Government payments went to 29 percent of residence farms, those with less than $350,000 in GCFI and where the principal operator is retired from farming or has a primary occupation other than farming. Among the farm households that received Government payments, commercial farms received an average $66,314 in Government payments in 2021 (the most recent year for which data are available); intermediate farms received an average $12,794 in payments, and the average Government payments for residence farms was $8,354.

Suggested Citation

  • Subedi, Dipak & Giri, Anil K. & Ghimire, Monika, 2023. "Commercial Farms Led in Government Payments in 2021," Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, United States Department of Agriculture, Economic Research Service, vol. 2023, May.
    • Handle: RePEc:ags:uersaw:338907
    DOI: 10.22004/ag.econ.338907
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