 Financial Characteristics of Vegetable and Melon FarmsMir Ali and Gary Lucier No 396248, Vegetables and Melons Outlook from United States Department of Agriculture, Economic Research Service Abstract: Vegetable and melon production is among the more financially successful components of U.S. agriculture. Based on data from USDA’s Agricultural Resource Management Survey, this study provides a financial profile of specialized U.S. vegetable farms (farms with at least 50 percent of total value of production derived from vegetables and melons). During 2005-07, these farms generated 14 percent of all U.S. farm cash receipts and 6 percent of U.S. farm export value. Over the period, an average of 95 percent of the value of U.S. vegetable production was accounted for annually by operations with $250,000 or more in sales. These large farms had a debt-to-asset ratio of 14 percent, the same as all other large U.S. farms and ranches. Sixty percent of these large vegetable farms were classified as being in favorable financial condition during 2005-07, with an average net worth over $3 million. Keywords: Agribusiness; Agricultural Finance; Crop Production/Industries; Financial Economics; Food Consumption/Nutrition/Food Safety; International Relations/Trade; Labor and Human Capital; Land Economics/Use; Production Economics (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ags:uersor:396248 Access Statistics for this paper More papers in Vegetables and Melons Outlook from United States Department of Agriculture, Economic Research Service Contact information at EDIRC. |
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