Structure and Finances of U.S. Farms: Family Farm Report, 2007 Edition—This report presents comprehensive information on family and nonfamily farms and
important trends in farming, operator household income, farm performance, and
contracting. Most farms are family farms. Farm households receive most of their
income from off-farm sources. A companion
brochure summarizes the reports findings. |
Economic Well-Being of Farm Households—Income and wealth of the average farm household now exceed those of the average nonfarm household-wealth by a large margin. And households most at risk for income variability because farm income is more than one-third of household income are the small segment that operates commercial farms (with sales greater than $250,000 per year). They hold substantial household net worth, on average, which can cushion uncertain farm income. |