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September 28, 2006
What's happened to family farms
There's a perception that the family farm is going the way of the horse and buggy. But N.C. State University economist Mike Walden says federal statistics show they are still a prominent part of the agricultural economy.
"They are declining in some areas, but they are still a very prominent part of the agricultural scene," says Dr. Walden, a professor in the Department of Agricultural and Resource Economics. "Now part of it depends on how you define family farm. But if you simply ask who owns a farm -- is it a corporation, or is it an individual family? -- what we find according to the federal government is that 98 percent are still family owned.
"Now, many of them are not run for profit. Some are run as a hobby. Many of them don't rely just on farm income; they rely on family members perhaps having other jobs -- non-farm income," Walden adds. "But they are still a very prominent part of the agricultural scene.
"Even among large farms, they are overwhelmingly family farms. Farms that sell over $1 million in output. Eighty-eight percent of them are still family-run operations."
Posted by deeshore at September 28, 2006 07:26 AM