USDA 2018 FAMILY FARM REPORT - 98% OF AMERICAN FARMS ARE FAMILY OWNED
USDA 2018 Report Finds 98% of Farms are Family Owned
The United States Department of Agriculture's (USDA) Economic Research Service (ERS) has released their 2018 report based on a sample of 21,000 farms. They found that small family farms make up almost 89% of all American farms. Midsize family farms make up 6.3% and large family farms make up 2.8%. That leaves only 2.2% of the farms in the US to be non family farms. Those small family farms use over 50% of our farmland in this country while the non family farms only use 6.5% of the land.
The different sizes of family farms is largely related to what the farmer is producing. Large family farms produce over two-thirds of our nation's dairy commodities. Midsize family farms grow over 35% of the grains and 30% of the cotton and poultry. Small family farms have a huge hold on the hay industry with over 75% being grown by them and 60% of the poultry also coming from them.
This report included the income of those farmers from 2017 and cites that only 4% of our family farmers had household wealth lower than the median US income of $61,372. The total average household income of all family farms was $113,495. With such diversity in the sizes of farms and what they produce, it is easy to see how our country needs to protect all farmers to ensure they have the ability to feed their families and the world.
Link to full USDA Report: https://www.ers.usda.gov/webdocs/publications/90985/eib-203.pdf?v=9520.4