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TeachMeFinance.com - explain Small farm Small farm The term 'Small farm ' as it applies to the area of agriculture can be defined as ' Although there is no official, widely accepted definition of a small farm, the Small Farms Commission described it, for purposes of its 1997 study, as one with less than $250,000 in gross receipts annually on which day-to-day labor and management are provided by the farmer and/or the farm family that owns the production, or owns or leases the productive assets. In 1995, such farms accounted for 93% of the more than 2 million U.S. farms, but only 40% of U.S. farm production. The long-term decline in the number of small farms, and the subsequent concentration of production on fewer and larger operations, is a longstanding concern among some segments of the agricultural community, while others view these changes as inevitable, and even necessary to maintain the efficiency and competitiveness of the sector'. Previous 5 Terms: Small Craft Advisory for Hazardous Seas Small Craft Advisory for Rough Bar Small Craft Advisory for Winds Small Craft Should Exercise Caution small diurnal range Next 5 Terms: Small Farms, National Commission on Small Hail Small Health Plan Small Hog Operation Payment (SHOP) Small pickup truck 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.