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.
Four 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.