Million-Dollar Farms in the New Century

Robert Hoppe , Penni Korb , and David E. Banker

United States Department of Agriculture

关键词: Contracting;    family farms;    farm businesses;    farm financial performance;    farm-operator household income;    farm operators;    farm structure;    farm type;    million-dollar farms;   

RP-ID  :  EIB-42

学科分类：农业科学（综合）

美国|英语

来源: United States Department of Agriculture Publications

【 摘 要 】

Million-dollar farms-those with annual sales of at least $1 million-accounted for about half of U.S. farm sales in 2002, up from a fourth in 1982 (with sales measured in constant 2002 dollars). By 2006, million-dollar farms, accounting for 2 percent of all U.S. farms, dominated U.S. production of high-value crops, milk, hogs, poultry, and beef. The shift to million-dollar farms is likely to continue because they tend to be more profitable than smaller farms, giving them a competitive advantage. Most million-dollar farms (84 percent) are family farms, that is, the farm operator and relatives of the operator own the business. The million-dollar farms organized as nonfamily corporations tend to have no more than 10 stockholders.