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Changing Organization and Well-Being of Midsize U.S. Farms, 1992-2014
Changing Organization and Well-Being of Midsize U.S. Farms, 1992-2014
 

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By Christopher Burns (au); Ryan Kuhns (au)
Year: 2016
Pages: 52
Binding Paperback
ISBN 978-1-4578-6315-8

Product Code: 1457863154

Description
 
During the period 1992-2014, changes in midswize farms reflect a farm economy experiencing rapid technological development, rising costs of production, and the increasing profitability of larger farms. This report shows that while the number of midsize farm operations has declined slightly since 1992, they constituted 21% of total production in 2014. Total production on midsize farms has shifted toward grain and oilseed crops, hogs, and poultry and away from dairy and high-value crops. Households operating midsize farms have been transformed as well, enjoying more diversified income portfolios and much higher net worth. Moreover, midsize farms have less debt relative to their assets. Between 2007 and 2012, one-third of midsize farms saw their income increase or decrease by more than 50%, and government payments played a small but positive role in the survival of midsize cash-grain and oilseed farms. Figures and tables. This is a print on demand report.

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