Structural and Financial Characteristics of U.S. Farms, 1993: 18th Annual Family Farm Report to Congress

Robert Hoppe, Robert Green, David Banker, Judith Kalbacher and Susan E. Bentley

No 262106, Agricultural Information Bulletins from United States Department of Agriculture, Economic Research Service

Abstract: In 1993, the 2.1 million farms in the contiguous United States operated an average of 436 acres and produced an average of $73,700 in agricultural products, as measured by gross sales. Characteristics of individual farms--including their level of production--varied widely, however. Most production occurred on relatively few commercial farms. Commercial farms (sales of $50,000 or more) were only 27 percent of U.S. farms, but accounted for about 90 percent of sales. Households with noncommercial farms (sales less than $50,000) relied on off-farm sources for virtually all of their income. U.S. farms are diverse, and variation within the industry is hidden by U.S. averages.

Keywords: Agricultural Finance; Farm Management; Industrial Organization (search for similar items in EconPapers)
Pages: 59
Date: 1997-01-01
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersab:262106

DOI: 10.22004/ag.econ.262106

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