Structure and Finances of U.S. Farms: 2005 Family Farm Report
May. 31st, 2006 by adminUSDA’s Economic Research Service
May, 2006
Excerpt…
Economic Information Bulletin No. (EIB-12) 51 pp, May 2006Most farms in the United States—98 percent in 2003—are family farms. They are organized as proprietorships, partnerships, or family corporations. Even the largest farms tend to be family farms. Very large family farms account for a small share of farms but a large—and growing—share of farm sales. Small family farms account for most farms but produce a modest share of farm output. Median income for farm households is 10 percent greater than the median for all U.S. households. Small-farm households also receive substantial off-farm income.
