Title page
Contents
Farm Typology 4
Farms, Production, and Farmland 7
Farm Financial Performance 10
Farm Use of Credit and Loan Amounts 11
Farm Operator Household Well-Being 14
Government Payments and Federal Crop Insurance 19
Socially Disadvantaged (SDA) Producers 22
Conclusions and Implications 31
Table 1. Number of farms and distribution of farms, value of production, and acres operated by the farm typology, 2022 6
Table 2. Farm households with income or wealth below the median for all U.S. households, 2022 17
Table 3. Farm operator income per household by source and farm type, 2022 18
Table 4. Use of credit and Government payments by farm operation race/ethnicity, 2022 28
Table 5. Farm household wealth and income by source and operation race/ethnicity, 2022 30
Figure 1. Distribution of farms, land operated, and value of production by farm type, 2022 8
Figure 2. Value of production of selected commodities by farm type, 2022 9
Figure 3. Farms by operating profit margin and farm type, 2022 11
Figure 4. Loans serviced by lender type and farm typology for farms with loans, 2022 13
Figure 5. Average loan amount by credit lender and farm typology for farms with debt, 2022 14
Figure 6. Median operator household income by farm type, 2022 16
Figure 7. Distribution of selected Government agricultural program payments and total value of production by farm type, 2022 20
Figure 8. Distribution of Federal crop insurance participants, total harvested cropland, and indemnities by farm type, 2022 22
Figure 9. Distribution by farm operation race/ethnicity and condensed farm typology, 2022 24
Figure 10. Specialization by farm operation race/ethnicity, 2022 25
Figure 11. Farms by operating profit margin (OPM) and operation race/ethnicity, 2022 26