family farm

Nearly all farms in the U.S. are designated as family farms, according to new data by the USDA.  Researchers found that in 2015, farms designated as family farms accounted for 99% of U.S. farms and 89% of production.  On family farms, the principal operators and their relatives, by blood or marriage, own more than half of the business’s assets.   In 201...

A new USDA Report shows 99% of U.S. farms were “family farms” in 2015.   A family farm is classified as a farm where the principal operator and his or her relatives own the majority of the business.  Breaking it down by size, the report shows small family farms, those less than $350,000 in annual gross cash farm income accounted for roughly 90% of U.S. farms, half of all farm...