By Ann M. Veneman
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Additional resources for Agriculture Fact Book 2001-2002
Farming, including 67 percent of the land owned by farmers (fig. 3-7). ■ But, large family farms, very large Share of Farms, Assets, and Production Most farms are small, but small farms account for a modest share of production. family farms, and nonfamily farms (8 percent of all farms) account for about 68 percent of production (fig. 3-6). S. farms are Specialization and Diversification small (fig. 3-6), and small farms account for 71 percent of the assets involved in Specialization and diversification vary among the farm typology groups.
When these farms are added to the 1992 count of point farms to be consistent with the 1997 Census, the 1992-97 change in the number of point farms shifts from a gain of 30 percent (as shown in table 3-1) to a loss of 1 percent. In addition, the 9-percent increase in the number of farms with sales less than $10,000 decreases to 2 percent. Diversity Among American Farms Despite the rapid growth in the number of farms with sales of $250,000 or more, most farms have sales below that level and are classified as small.
There, the number of farms declined from 1982 to 1987 and from 1987 to 1992, but increased from 1992 to 1997. As shown in table 3-1, most of the increase from 1992 to 1997 occurred among “point farms,” or farms with sales less than $1,000 that might normally have sales that high and satisfy the criteria necessary to be considered a farm. S. farms. Most of the increase in point farms, however, is due to a change in the classification of farms that enroll all their cropland in the Conservation Reserve or Wetlands Reserve Programs (CRP or WRP).
Agriculture Fact Book 2001-2002 by Ann M. Veneman