NASHVILLE, Tenn. (RFD-TV) — Most U.S. farms remain family-run, according to a new Farm Flavor analysis of USDA Census data, which shows 94.7 percent of all farms are family-owned.
These operations account for more than 80 percent of national farm sales, underscoring that American agriculture remains rooted in local, multigenerational enterprises rather than large corporate ownership.
Nationally, about 1.8 million family farms generate roughly $484 billion in annual output. The majority are small farms earning under $350,000 annually, yet they remain essential to rural economies and community food systems. Every state reports at least 90 percent family ownership, with West Virginia, Tennessee, and Kentucky leading the nation.
Larger family farms — while fewer in number — drive more than half of U.S. agricultural output, reflecting efficiency and scale in row crops and livestock. Some states, including Texas and Maine, show wide gaps between family ownership and sales shares, indicating stronger contributions from non-family, high-value operations.
Farm-Level Takeaway: USDA data confirms American agriculture remains overwhelmingly family-run despite structural shifts in scale and production.
Tony St. James, RFD-TV Markets Specialist
November 08, 2024 12:25 PM
What are some common mistakes that farmers and ranchers make regarding estate planning? Here are a few key ideas to consider from RFD-TV Ag Legal and Tax Expert Roger McEowen with the Washburn School of Law.
September 24, 2024 01:43 PM
·
RFD-TV Farm Accounting & Tax expert Roger McEowen discusses crucial legal and tax issues for farmers and ranchers to manage operational risks in this Firm to Farm blog post.
September 23, 2024 03:02 PM
·
RFD-TV Agricultural Law & Taxation expert Roger McEowen discusses the Supreme Court’s recent repeal of the Chevron agreement and other current topics in ag law.
The topics in ag law and tax are diverse. There’s never a dull moment. For now, here’s a selection of various ag law topics from RFD-TV Agricultural Law & Tax expert Roger McEowen.
Global food prices inched upward for the third consecutive month according to the latest FAO Food Price Index. While some Americans struggle to source their next meal, others are ordering high-priced food delivery straight to their door more than ever before.
