Small Farm Business Planning Templates And Instrucitons (Page 27 of 50) in pdf

Small Farm Business Planning Templates And Instrucitons Page 27

Appendix 1: Characteristics of U.S. Small Farms

(sales less than $250,000) Differ Markedly from

Large Farms

LESS THAN

$50,000-

ALL

FARMS WITH

ALL FARMS

$50,000

$249,999

SMALL FARMS

SALES OF

$250,000

OR MORE

Number of farms

1,531,760

413,431

1,945,190

122,810

2,068,000

Share of all farms

74.1%

20.0%

94.1%

5.9%

100%

Value of Production

9.5%

31.3%

40.8%

59.2%

100%

Average gross cash

farm income

$12,482

$117,320

$34,764

$686,606

$73,474

Livestock sales

$4,671

$45,910

$13,436

$272,625

$28,828

Crop sales

$3,662

$52,117

$13,960

$331,236

$32,802

Government payments

$1,067

$5,343

$1,976

$14,427

$2,715

Other farm income

$3,082

$13,948

$5,392

$68,318

$9,129

Average net cash

farm income

$-1,702

$23,159

$3,582

$152,724

$12,439

Average asset value

$264,784

$569,295

$329,505

$1,618,751

$406,068

Commodity Specialty

Cash grain

12.6%

38.4%

18.1%

30.4%

18.8%

Other ﬁeld crops

19.3%

7.7%

16.8%

10.7%

16.4%

High-value crops

6.0%

8.7%

6.6%

13.4%

7.0%

Beef

40.4%

14.0%

34.0%

11.1%

33.4%

Hogs

3.7%

4.2%

3.8%

6.5%

4.0%

Dairy

1.1%

17.5%

4.6%

14.6%

5.2%

Other livestock

16.8%

9.6%

15.3%

13.3%

15.2%

Farms able to generate

7.6%

38.8%

14.2%

70.5%

17.6%

returns equivalent to

average U.S. household

income

Source: 1995 Agricultural Resources Management Survey. Economic Research Service, USDA.

Unit 2.0 | 27

Appendix 1

Small Farm Business Planning

Small Farm Business Planning Templates And Instrucitons Page 27

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