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Financial Well-Being of Small Farm Households Depends on the Health of Rural Economies

Author

Listed:
  • Newton, Doris J.
  • Hoppe, Robert A.

Abstract

The number of farms has decreased since the 1930s, and average size-measured in acres-has increased. Most farms are small, and more than half have sales less than $10,000. As a result, households operating small farms rely heavily on off-farm income from the local economy. At the other extreme, some farms have sales in the millions. These and other differences present challenges when analyzing the economic structure of agriculture and developing farm policy recommendations. USDA's Economic Research Service has developed a classification to address variations across farms, with an emphasis on small farms.

Suggested Citation

  • Newton, Doris J. & Hoppe, Robert A., 2001. "Financial Well-Being of Small Farm Households Depends on the Health of Rural Economies," Rural America/ Rural Development Perspectives, United States Department of Agriculture, Economic Research Service, vol. 16(1), May.
    • Handle: RePEc:ags:uersra:289481
    DOI: 10.22004/ag.econ.289481
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    Cited by:

    1. Stam, Jerome M. & Dixon, Bruce L., 2004. "Farmer Bankruptcies And Farm Exits In The United States, 1899-2002," Agricultural Information Bulletins 33689, United States Department of Agriculture, Economic Research Service.
    2. Mishra, Ashok K. & Paudel, Krishna P., 2008. "Policy Reform and Off-farm Labor Supply by Operators in the Delta Region: A," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 6725, Southern Agricultural Economics Association.

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