According to “America’s Diverse Family Farms – 2019 Edition” from the U.S. Department of Agriculture’s Economic Research Service., family farms account for 98% of U.S. farms and 88% of U.S. ag production.
The number represents a consistent pattern in farming. North Dakota State University Extension agriculture finance specialist told Agweek,"(Ag) corporations get a lot of attention, but family farms are still crucial.”
The report considers a family farm one in which the majority of the business is owned by the primary operator, the person responsible for day-to-day positions, and individuals related to the primary operator.
To read the full report click here.