Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Changing Organization and Well-Being of Midsize U.S. Farms, 1992-2014

The Changing Organization and Well-Being of Midsize U.S. Farms, 1992-2014

Agriculture, U. S. Department of

Paperback

General Reference

ISBN10: 1542482984
ISBN13: 9781542482981
Publisher: Createspace
Published: Jan 11 2017
Pages: 54
Weight: 0.33
Height: 0.11 Width: 8.50 Depth: 11.02
Language: English
This study uses data from the Census of Agriculture and the Agricultural Resource Management Survey to investigate the well-being and changing organization of U.S. midsize farms from 1992 to 2014. During this period, changes in midsize farms reflect a farm economy experiencing rapid technological development, rising costs of production, and the increasing profitability of larger farms. While the number of midsize farm operations has declined slightly since 1992, they constituted 21 percent of total production in 2014. During the study period, total production on midsize farms has shifted toward grain and oilseed crops, hogs, and poultry and away from dairy and high-value crops. The households operating midsize farms have been transformed as well, enjoying more diversified income portfolios and much higher net worth. Moreover, midsize farms have less debt relative to their assets. Using census data from 2007 and 2012, the authors find that one-third of midsize farms saw their income increase or decrease by more than 50 percent. During this same period, Government payments played a small but positive role in the survival of midsize cash-grain and oilseed farms. One common growth pathway for these farms that increased in size from 2007 to 2012 was renting greater amounts of land. Keywords: direct payments, gross cash farm income, farm household income, farm exits, farm financial performance, farm operators, farm structure, farm survival, farm type, midsize farms, value of production

Also in

General Reference

View All