99% of US farms still family-owned: USDA report

In Washington, the USDA’s new America’s Diverse Family Farms – 2017 Edition finds that 99 percent of U.S. farms are family farms, and they accounted for 90 percent of farm production in 2016.

Farming is still overwhelmingly comprised of family businesses, said USDA.  More than a third of farms have multiple operators, and larger farms are more likely to have multiple generations of farm operators. Farm households in general are not low income when compared with all U.S. households.

This report provides an overview of U.S. farms, including the latest statistics on production, financial performance, and farm household characteristics by farm size categories.

More on the story.