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2007•RePEc: Research Papers in EconomicsOpen access

Structure and Finances of U.S. Farms: Family Farm Report, 2007 Edition

Robert Hoppe, Penelope J. Korb, Erik J. O’Donoghue, David E. Banker, Hoppe, Robert A., Korb, Penelope J., O'Donoghue, Erik J., Banker, David E.

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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.

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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.

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Available 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.

Key concepts: Agricultural science, Family farm, Agriculture, Agricultural economics, Production (economics), Business, Scale (ratio), Geography

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