CIRS Blog about Rural California
The Census of Agriculture, conducted in years ending in 2 and 7, reported that there were 2.1 million U.S. farms with farm sales of $395 billion in 2012, including $212 billion in crop sales (54 percent) and $182 billion in livestock sales (46 percent). In almost all previous COAs, livestock sales slightly exceeded crop sales, but a combination of high crop prices and a drought that encouraged some livestock operators to sell cattle to avoid high feed costs made crops the majority of farm sales in 2012.
Farm sales have been rising by about $100 billion between the five-year COAs; they were about $200 billion in 2002 and almost $300 billion in 2007. However, most farm sales are from a relative handful of large farms. The 81,600 U.S. farms that each had farm sales of $1 million or more in 2012 collectively had farm sales of $264 billion, two-thirds of total farm sales of $395 billion.
The COA reported 2.1 million U.S. farms in 2012, down from 2.2 million in 2007. Farmers are aging; their average age was 58 in 2012, up from 57 in 2007. There are twice as many farmers age 75 and above, 258,000, as under 35, 120,000. Of the 2.1 million farm operators in 2012, 1.1 million had a primary occupation other than farming.