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Financial Characteristics of Vegetable and Melon Farms

Author

Listed:
  • Ali, Mir
  • Lucier, Gary

Abstract

Vegetable and melon production is among the more financially successful components of U.S. agriculture. Based on data from USDA’s Agricultural Resource Management Survey, this study provides a financial profile of specialized U.S. vegetable farms (farms with at least 50 percent of total value of production derived from vegetables and melons). During 2005-07, these farms generated 14 percent of all U.S. farm cash receipts and 6 percent of U.S. farm export value. Over the period, an average of 95 percent of the value of U.S. vegetable production was accounted for annually by operations with $250,000 or more in sales. These large farms had a debt-to-asset ratio of 14 percent, the same as all other large U.S. farms and ranches. Sixty percent of these large vegetable farms were classified as being in favorable financial condition during 2005-07, with an average net worth over $3 million.

Suggested Citation

  • Ali, Mir & Lucier, Gary, 2011. "Financial Characteristics of Vegetable and Melon Farms," Vegetables and Melons Outlook 396248, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersor:396248
    DOI: 10.22004/ag.econ.396248
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    File URL: https://ageconsearch.umn.edu/record/396248/files/VGS-342-01.pdf
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