Family Farms Report from USDA

New USDA report looks at family farms - Farm Futures

A new report from USDA's Economic Research Service looks at family farms. The Family Farm Report, 2014 Edition, was released this week and shows some interesting conclusions: The report shows that family farms accounted for 97% of U.S. farms in 2011. Small family farms alone - annual gross cash farm income below $350,000 - made up 90% of farms. they also operated 52% of the Nation's farmland. Small farms accounted for a small share of production - 26% - although their share of production was higher for specific commodities. ERS notes that small farms accounted for 56% of poultry production. The report shows that large-sized and mid-sized family farms made up only 8% of all U.S. farms in 2011, but accounted for 60% of the value of U.S. ag production. About 3% of farms were non-family farms production 15% of U.S. farm output. About 85% of nonfamily farm output was on farms with GCFI of $1 million or more. Most nonfamily farms - 78% - had GCFI below the $350,000 cutoff used to identify small farms. These are the latest insights into farm ownership and a quick summary. You can check out the entire report for more information. To view this story at its original source, follow this link: http://farmfutures.com/story-new-usda-report-looks-family-farms-0-121915

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