121,000 Farms Now Produce 75 Percent Of All Farm Sales

121 000 Farms Now Produce 75 Percent Of All Farm Sales MISCELLANEOUS EQUIPMENT Miscellaneous Equipment Progressive Farmer had an interesting piece in its August issue analyzing the results of farm census and crop data According to best estimates just 121 000 U S farms produce 75 percent of all farm produce The remaining 2 million farms produce the other 25 percent There are 57 000 farms with gross incomes of $1 million or more and another 64 000 with incomes between $500 000 and $1 million What s more size equals increased profit According to a 2006 USDA study of big farms operations earning more than $1 million a year had operating profit margins of 20 percent or more while profit margins increased to 26 percent for farms earning $5 million or more annually One more interesting tidbit from the story Farms with sales exceeding $1 million average 3 400 acres compared to the 281-acre average for farms earning $250 000 or less per year

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