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|Number Of U.S. Farms Decline 3% In Five Years by Easymoney00101(m): 8:16am On Feb 26, 2020|
Based on a midyear survey, the USDA estimates there were 2.023 million farms in the nation in 2019, a tiny U.S. farms decline of 5,800 farms from the previous year. The change is more dramatic when the time frame is widened — there are 3% less farms now than there were in 2014, and the amount of farmland, 897.4 million acres, or 1.4 million square miles, fell by 1.3% during that five-year period.
The USDA says that five-year period saw an increase of 400 farms in the middle of its six-tier typology, for a total of 224,000 farms with sales of $100,000 to $500,000 a year. During the same period, the number of both small and larger U.S. farms decline. Since 1974, a farm has been defined as a place that produces crops or livestock worth at least $1,000 in sales, even if it doesn’t market them.
While a quarter of U.S. farmland is operated by the 4% of farms with more than $1 million a year in sales, half of U.S. farms sell less than $10,000 a year in products. Further, half of those small farms are so-called point farms that don’t report annual sales exceeding $1,000. The smallest ones are an average of 81 acres, while the largest farms, those with more than $1 million in sales, average 2,910 acres.
Farm numbers peaked at 6.8 million in 1935 during the Depression. Numbers declined sharply for the next four decades as mechanization, hybrid seeds, and the introduction of synthetic pesticides and fertilizers allowed farmers to operate more land with less manual help. Since the mid-1970s and 1980s, the number of farms, though trending downward, has been fairly steady.
|Re: Number Of U.S. Farms Decline 3% In Five Years by dawnomike(m): 9:15am On Feb 26, 2020|
Indicator of future food shortage
|Re: Number Of U.S. Farms Decline 3% In Five Years by Easymoney00101(m): 9:19am On Feb 26, 2020|
dawnomike:that's why you should be a farmer....
We are coming
|Re: Number Of U.S. Farms Decline 3% In Five Years by dawnomike(m): 9:27am On Feb 26, 2020|
Easymoney00101:I'm really considering it.
|Re: Number Of U.S. Farms Decline 3% In Five Years by Easymoney00101(m): 9:30am On Feb 26, 2020|
dawnomike:you can follow our page on Instagram.... @jitefarms... We'll be open for investment soon
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