ERS Report Provides Statistics on U.S. Farms
USDA Economic Research Service (ERS) has released America’s Diverse Family Farms: 2020 Edition. The report provides the latest statistics on U.S. farms, including production, financial performance, and farm household characteristics. The report also reveals that 90% of farms are small, with gross cash farm income less than $350,000. These small farms account for 22% of production. Almost half of the farms had production valued at $6,000 or less.