Everyone in agriculture has their own definition of a small farm, a large farm, a family farm or a corporate farm, and every definition is different, since it is compared to one’s own farm, says Stu Ellis, author of the Farm Gate blog.
But USDA agricultural economists who are forced to set parameters and specific financial boundaries have provided a glimpse into the foggy world of definitions when they reported to an international economics conference on whether small farms in the United States were declining or persisting. (And they report that a fair share of them are doing quite well, financially, thank you, says Ellis)
The analysis indicates that favorable returns and off-farm income have helped small farms to survive and persist, despite being small, and being family operated businesses. These businesses still dominate U.S. agriculture, but the major bulk of production continues its shift to larger sizes of family farms.
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Source: The Farm Gate blog