Americas Diverse Family Farms, 2007 Edition, by Robert A. Hoppe, David E. Banker, Penni Korb, Erik ODonoghue, and James MacDonald -Economic Information Bulletin No. (EIB-26) 12 pages, June 2007.
“American farms encompass a wide range of sizes, ownership structures, and business types, but most farms are still family farms. Family farms account for 98 percent of farms and 85 percent of production. Although most farms are small and own most of the farmland, production has shifted to very large farms. Farms with sales of $1 million or more make up less than 2 percent of all farms, but they account for 48 percent of farm product sales.”
See also , by Robert A. Hoppe, Penni Korb, Erik J. ODonoghue, and David E. Banker, Structure and Finances of U.S. Farms: Family Farm Report, 2007 Edition Economic Information Bulletin No. (EIB-24) 58 pages, June 2007
