Million-dollar farms in the new century

A new report from the Economic Research Service shows that small farms still represent the majority of farming in the US, but the number of million-dollar farms is increasing rapidly. Small farms (those with annual sales less than $250,000) represent a large majority of US farms (92%), but account for a relatively small share of total farm production (23%). The report from the Economic Research Service (ERS) of the US Department of Agriculture examines the other end of the size spectrum, where