The top four percent of farms account for 69 percent of U.S. farm sales, while the bottom 76 percent of farms make up a mere 3 percent of sales.
The State of U.S. Farming
Forty-five percent of U.S. farmers have a negative net income. The median net poultry farm income was $13,140 in 2018, meaning half the poultry farmers in the country earned less than this amount.
4 percent of U.S. farms control 58 percent of farmland, while 13 percent of U.S. farms control 0.14 percent of farmland.
Fifty-five percent of poultry farms have debt, while 67.7 percent of dairy farms have debt.
Family farm Chapter 12 bankruptcies grew by almost 20 percent from 2018 to 2019. Ninety-five percent of dairy farms are family farms. There were 3,281 fewer dairy milk operations in 2019 than in 2018.