Farming Is a Family Enterprise

January 21, 2020

A 2019 report by the U.S. Department of Agriculture shows that 98% of farms in this country are family-owned enterprises.

The agency’s Economic Research Service (ERS) also found that family farms account for 88% of domestic agricultural production. Most of these properties are small operations.

Nearly 41% of U.S. farm owners also have other occupations. In 2018 seven out of every 10 farms received no agricultural-related government income.

According to the ERS, median farm household income was lower than the median for other U.S. households with self-employment income. About 43% of farm households earned income below the median for all U.S. households.

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