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Million-Dollar Farms in the New Century
- 英文名称:
- Million-Dollar Farms in the New Century
- 作者:
- Robert A. Hoppe; Penni Korb; David E. Banker
- 工作单位:
- USDA's Economic Research Service
- 关键词:
- Contracting; family farms; farm businesses; farm financial performance; farm-operator household income; farm operators; farm structure; farm type; million-dollar farms;
- 年份:
- 2008
- 出版地:
- Washington, DC, USA
- 总页数:
- 47 pp
- 语种:
- English
- 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.
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