Most US Farms and Ranches are Still “Family-Owned”…and Debt Free!
In the 2023 edition of “America’s Farms and Ranches at a Glance,” the USDA’s Economic Research Service (ERS) finds that the majority of farming and ranching operations in the US during 2022 were still family-owned. What’s more, only around 26% had any debt. A “family farm” is of course one where the majority of the …
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