New Report from USDA Economic Research Service – America’s Diverse Family Farms – 2017 Edition

Ninety-nine percent of U.S. farms are family farms, and they accounted for 90 percent of farm production in 2016, according to America’s Diverse Family Farms – 2017 Edition.
 Farming is still overwhelmingly comprised of family businesses. More than a third of farms have multiple operators, and larger farms are more likely to have multiple generations of farm operators. Farm households in general are not low income when compared with all U.S. households.
 This report provides an overview of U.S. farms, including the latest statistics on production, financial performance, and farm household characteristics by farm size categories.