USDA: 97% of Farms Owned by Families

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USDA came out with some new numbers on who owns farms in America:

About 2.1 million farms in the U.S., 97 percent are what the report calls “family farms,”according to the the USDA’s 2012 Census of Agriculture Farm Typology.

Other key facts included in the report stated that 88 percent of those 2.1 million farms are classified as “small family farms” — operations with a gross cash farm income (GCFI) of less than $350,000 per year. Those small family farms contribute nearly 60 percent of all direct sales of product from farms to consumers.

H/T Indiana Economic Digest

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