U.S. Lost 4,400 Farms During Past Year
USAgNet - 02/22/2021
The number of farms in the United States for 2020 is estimated at 2,019,000, down 4,400 farms from 2019. The USDA's National Ag Statistics Service noted that the number of farms in all sales classes declined.
In 2020, 51.1 percent of all farms had less than $10,000 in sales and 81.5 percent of all farms had less than $100,000 in sales. In 2020, 7.4 percent of all farms had sales of $500,000 or more.
Total land in farms, at 896,600,000 acres, decreased 800,000 acres from 2019. The biggest change for 2020 is that producers in Sales Class $10,000 - $99,999 operated 550,000 fewer acres than in 2019. In 2020, 30.1 percent of all farmland was operated by farms with less than $100,000 in sales, while 40.8 percent of all farmland was operated by farms with sales of $500,000 or more.
The average farm size for 2020 is 444 acres, unchanged from the previous year. Average farm size increased in the $250,000 - $499,999, $500,000-$999,999, and $1,000,000 or more sales classes and remained unchanged in all others.
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