The 2 Percent: America's Million Dollar Farms
One of my summer projects is an update of my book, Food, Farming & Sustainability: Readings in Agricultural Law . Here is an excerpt that I am working on that ties together some interesting resources that I have been meaning to blog about. Million-Dollar Farms: The �2-4 Percent� of Agriculture Everyone has heard of the economic category of the �1 percent� of Americans � the political rallying point against excessive income disparity in the United States that was most visibly emphasized by Occupy Wall Street and its followers. A less well known category is the small percentage of U.S. agriculture that owns increasing amounts of land, exercises significant market power, and is responsible for producing the majority of our commercial food stocks. While some might not like it, we are far more dependent on these mega-farms that most people realize. USDA data from 2007 indicates that 37 percent of very large family farms and 13 percent of non-family farms have annu...