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TeachMeFinance.com - explain Farm size Farm size The term 'Farm size ' as it applies to the area of agriculture can be defined as ' Although a standard definition is not available, the most common way to measure farm size is by the value of gross farm sales. USDA defines small farms as those having less than $50,000 in sales annually, representing 73% of the 2.1 million farms counted in 1992. It considers the remaining 27% of all farms (with sales of $50,000 or more) to be commercial farms. Although the 558,000 commercial farms counted in 1992 were a relatively small portion of all farms, they accounted for 88% of gross farm sales'. Previous 5 Terms: Farm ownership (FO) loans Farm price Farm programs Farm Service Agency (FSA) Farm Services Agency (FSA) Next 5 Terms: Farm to retail price spread Farm use Farmed wetlands Farmer Mac (Federal Agricultural Mortgage Corporation) Farmer-Owned Grain Reserve (FOR) About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.