what percent of all farms in the us are small family farms
Family farm Small family farms are defined as those with annual gross cash farm income (GCFI) of less than $350,000; in 2011, these accounted for 89.71 percent of all US farms. Because low net farm incomes tend to predominate on such farms, most farm families on small family farms are extremely dependent on off-farm income. Small family farms in which the principal operator was mostly employed off-farm accounted for 41.87 percent of all farms and 14.6 percent of total US farm area; median net farm income was $788. Retirement family farms were small farms accounting for 16.29 percent of all farms and 6.5 percent of total US farm area; median net farm income was $5,002.
Small business The legal definition of "small business" varies by country and by industry. In the United States, the Small Business Administration establishes small business size standards on an industry-by-industry basis, but generally specifies a small business as having fewer than five hundred employees for manufacturing businesses and less than $7.5 million in annual receipts for most non manufacturing businesses.[3] The definition can vary by circumstance â€“ for example, a small business having fewer than twenty-five full-time equivalent employees with average annual wages below $50,000 qualifies for a tax credit under the health care reform bill Patient Protection and Affordable Care Act.[4]