Everett Griner talks about the difference between a big farm, small farm, and a medium sized farm in America in today’s Agri View.
Big farm, small farm. What is the difference? Well if the gross annual income is 350 thousand dollars per year or less, that is a small farm. In 2015, 42 percent were small farms. Here is an interesting fact. The larger number of farms accounted for only about 24 percent of all farm production. You still with me? OK. 2.9 percent of U.S. farms had gross annual incomes of 1 million dollars or more. They contributed 42 percent of total farm production. But here is the bottom line. It takes all size farms to make agriculture work. I take that to mean that the other 32 percent of total farm production came from mid-sized farms. Although, mid-sized farms were not even mentioned.
That’s Agri View for today. I’m Everett Griner…
Share this Post