Sage-Tips

What percentage of farmland is inherited?

More than half of the farmland rented out by non-farming landlords was inherited or received as a gift, and the vast majority (87 percent) of these landowners indicated that they are not currently farming, although many of these landlords do have prior experience in farming.

What percentage of farms is still owned by families in the United States?

Family farms comprise 96 percent of all U.S. farms, account for 87 percent of land in farms, and 82 percent of the value of all agricultural products sold, according to the 2017 Census of Agriculture Farm Typology report released by the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS).

Who owns the majority of US farmland?

Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report. The outlet reported this week that Gates, 65, owns 268,984 acres of land combined across 19 states.

What percentage of farmland is leased?

Nearly 40 percent (353.8 million acres) of all U.S. farmland is rented or leased, and 80 percent of all rented farmland is owned by non-operator (non-farming) landlords. Most surveys about farming ask questions of the farm operator and do not survey non-operator landlords.

What percent of US land is farmland?

Farms and Land In 2017, the United States had just over 2 million farms, down 3.2 percent from 2012. These farms accounted for 900.2 million acres of land in farms, or 40 percent of all U.S. land.

How many US farms are family farms?

Under this definition, the National Agricultural Statistics Service’s Census of Agriculture reported that family farms account for almost 96 percent of the 2,204,792 farms in the United States.

How many farms in the US are family owned versus corporately owned?

1. Food equals family—97 percent of the 2.1 million farms in the United States are family-owned operations. 2. Small business matters—88 percent of all U.S. farms are small family farms.

Who really owns American farmland?

People own most farmland. Some 2.6 million owners are individuals or families, and they own more than two thirds of all farm acreage. Fewer than 32,500 non family held corpor ations own farmland, and they own less than 5 percent of all U.S. farmland. Farmland owners hold an aver age of about 280 acres each.

How many US farms are family owned?

What percentage of farms are owned by one family?

Family farms (where the majority of the business is owned by the operator and individuals related to the operator) of various types together accounted for nearly 98 percent of U.S. farms in 2017. Small family farms (less than $350,000 in GCFI) accounted for 89 percent of all U.S. farms.

How many farmers are there?

The total number of farmers declined, with the percentage decline more for women than men. More minorities operat- ed farms in 2012, and the number of beginning farmers declined. How Many Farmers? In 2012, 3.2 million farmers operated 2.1 million farms.

What percentage of farmers make less than $50k?

The majority of the nation’s 2.1 million farms are small in terms of sales; 75 percent sold less than $50,000 in agricultural products in 2012 and 57 percent had sales less than $10,000. The farm is the place of residence for three fourths of principal operators, but it does not provide the majority of their household income.

How did minority-operated farms change between 2007 and 2012?

All categories of minority-operated farms increased between 2007 and 2012 (Fig. 4). Hispanic-operated farms were up 21 percent. Although more than half of all farms had sales of less than $10,000, minority-operated farms (except for Asian operated-farms) fell disproportionately into this group.