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| Hoppe, Robert A.; Korb, Penelope J.; O'Donoghue, Erik J.; Banker, David E.. |
| U.S. farms are diverse, ranging from small retirement and residential farms to enterprises with annual sales in the millions. Nevertheless, most U.S. farms—98 percent in 2004—are family farms. Even the largest farms tend to be family farms. Large-scale family farms and nonfamily farms account for 10 percent of U.S farms, but 75 percent of the value of production. In contrast, small family farms make up most of the U.S. farm count, produce a modest share of farm output, and receive substantial off-farm income. Many farm households have a large net worth, reflecting the land-intensive nature of farming. |
| Tipo: Report |
Palavras-chave: Contracting; Family farms; Farm businesses; Farm financial performance; Farm-operator household income; Farm operators; Farm structure; Farm type; Million-dollar farms; Small farms; ERS; USDA; Agricultural and Food Policy; Farm Management. |
| Ano: 2007 |
URL: http://purl.umn.edu/59032 |
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| Hoppe, Robert A.; Banker, David E.; MacDonald, James M.. |
| American farms vary widely in size and other characteristics, but farming is still an industry of family businesses. Ninety-eight percent of farms are family farms, and they account for 82 percent of farm production. Small family farms make up most of the U.S. farm count and hold the majority of farm assets, but they produce a modest share of U.S. farm output. In contrast, large-scale family farms and nonfamily farms—only 12 percent of all farms—account for 84 percent of farm production. Small farms are less profitable than large-scale farms, on average, and the households operating them tend to rely on off-farm income for their livelihood. Because small-farm households receive most of their income from off-farm work, general economic policies—such as tax... |
| Tipo: Report |
Palavras-chave: Family farms; Farm businesses; Farm financial performance; Farm-operator household income; Farm operators; Farm structure; Farm type; Government payments; Limited-resource farms; Small farms; ERS; USDA; Agribusiness; Agricultural Finance; Farm Management. |
| Ano: 2010 |
URL: http://purl.umn.edu/96653 |
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| Hoppe, Robert A.; Korb, Penelope J.; Banker, David E.. |
| Million-dollar farms—those with annual sales of at least $1 million—accounted for about half of U.S. farm sales in 2002, up from a fourth in 1982 (with sales measured in constant 2002 dollars). By 2006, million-dollar farms, accounting for 2 percent of all U.S. farms, dominated U.S. production of high-value crops, milk, hogs, poultry, and beef. The shift to million-dollar farms is likely to continue because they tend to be more profitable than smaller farms, giving them a competitive advantage. Most million-dollar farms (84 percent) are family farms, that is, the farm operator and relatives of the operator own the business. The million-dollar farms organized as nonfamily corporations tend to have no more than 10 stockholders. |
| Tipo: Report |
Palavras-chave: Contracting; Family farms; Farm businesses; Farm financial performance; Farm-operator household income; Farm operators; Farm structure; Farm type; Million-dollar farms; Farm Management. |
| Ano: 2008 |
URL: http://purl.umn.edu/58623 |
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| Hoppe, Robert A.; MacDonald, James M.; Korb, Penelope J.. |
| Ninety-one percent of U.S. farms are classified as small—gross cash farm income (GCFI) of less than $250,000. About 60 percent of these small farms are very small, generating GCFI of less than $10,000. These very small noncommercial farms, in some respects, exist independently of the farm economy because their operators rely heavily on off-farm income. The remaining small farms—small commercial farms—account for most small-farm production. Overall farm production, however, continues to shift to larger operations, while the number of small commercial farms and their share of sales maintain a long-term decline. The shift to larger farms will continue to be gradual, because some small commercial farms are profitable and others are willing to accept losses. |
| Tipo: Report |
Palavras-chave: Family farms; Farm businesses; Farm financial performance; Farm-operator household income; Farm operators; Farm structure; Noncommercial farms; Small farms; Small commercial farms; Agricultural and Food Policy; Farm Management. |
| Ano: 2010 |
URL: http://purl.umn.edu/58300 |
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