America’s Farms and Ranches at a Glance: 2024 Edition

Katherine Lim, Jonathan McFadden, Noah Miller and Katherine Lacy

No 348572, Economic Information Bulletin from United States Department of Agriculture, Economic Research Service

Abstract: American farms represent a diverse set of business operations and farm operators. This annual report describes the characteristics of U.S. farms and ranches with the most recent data from the Agricultural Resource Management Survey (ARMS). Statistics for calendar year 2023 are presented using a farm classification developed by USDA, ERS to categorize farms into groups based on each farm’s annual gross cash farm income, the main occupation of the farm’s principal operator, and ownership (family versus nonfamily). This edition contains two new sections: (1) a section documenting farmers’ unpriced inventory held both on- and off-farm, and (2) a section outlining adoption rates for key precision agriculture technologies and the reasons provided by producers for their precision technology adoption decisions.

Keywords: Agricultural Finance; Crop Production/Industries; Farm Management; Financial Economics; Livestock Production/Industries; Research and Development/Tech Change/Emerging Technologies; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 30
Date: 2024-12
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersib:348572

DOI: 10.22004/ag.econ.348572

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