{"content":[{"text":"Transcript: America’s Diverse Family Farms 2019 Edition","bbox":{"left":0.255033,"top":0.089258,"width":0.489925,"height":0.020985000000000004}},{"text":"Good afternoon everyone and welcome to our webinar, America's Diverse Family Farms 2019 \n Edition. My name is Kellie Burdette and I will be your host. This webinar is being recorded and \n will be posted on the ERS website next week. At any time during the webinar, you may enter a \n question into the chat feature on your screen, and our speaker will answer at the end of the \n presentation. Our speaker today is Christine Whitt. Christine is an agricultural economist in the \n Farm Economy Branch of the Resource and Rural Economics Division of USDA's Economic \n Research Service. Her research examines how U.S. agricultural policy and the farm economy \n affect U.S. farm business finances and production, and the well-being of their associated \n households. Christine earned her Master's in Applied Economics and Management from Cornell \n University. I think we're ready to start, so Christine, you can now begin your presentation.","bbox":{"left":0.117647,"top":0.12397,"width":0.7551239999999999,"height":0.177055}},{"text":"Good afternoon, my name is Christine Whitt and as Kellie said I am an agricultural economist in \n the Farm Economy Branch for the Economic Research Service. Today I would like to present a \n webinar on a report released earlier today titled, America's Diverse Family Farms: 2019 Edition, \n and this report is now available on our website. So, to get started, I want to give a brief overview \n of the report.","bbox":{"left":0.117647,"top":0.315662,"width":0.7591240000000001,"height":0.08990900000000002}},{"text":"So, this report describes characteristics of the two million U.S. farms, what they produce, farm \n profitability, receipts of government payments, and participation in agricultural federal \n programs. Information about the different types of farms is important in understanding the farm \n sector and farms.","bbox":{"left":0.117647,"top":0.420207,"width":0.7503599999999999,"height":0.07248500000000002}},{"text":"The data for this report come from the 2018 Agricultural Resource Management Survey or \n ARMS. ARMS is a unique, annual survey, conducted by the Economic Research Service and the \n National Agricultural Statistics Service, or NASS. ARMS is the USDA's primary source of \n information on farm businesses, and associated households of the principal operator. Principal \n operators are the operators who are most responsible for running the farm. The 2018 ARMS \n covers the farm activities during the 2018 calendar year. The survey was conducted in early 2019 \n and is the latest available data. So, before we get into the report, I want to go over some \n definitions of what a farm is and what a family farm is.","bbox":{"left":0.117647,"top":0.507354,"width":0.7633989999999999,"height":0.14210500000000004}},{"text":"So, the USDA defines a farm as any place that's sold or normally would have sold at least $1,000 \n worth of farm products in a given year – and this is a fairly comprehensive definition – it means \n many small farms are counted in our farm count, even though many have limited sales. This \n means that the farm sector consists of a wide variety of farms: many small farms with little sales; \n midsized farms with hundreds of thousands of dollars’ worth of sales; and large farms with a \n million dollars in sales; and then a family farm is any farm where the majority, or more than 50 \n percent of the business, is owned and operated by an operator and individuals related to the \n operator. So, now I'm going to talk about how exactly we classify these farms.","bbox":{"left":0.117647,"top":0.664096,"width":0.762791,"height":0.14218200000000003}},{"text":"So, the diversity of farms leads us to the ERS farm typology. This helps us classify farms into \n more homogeneous groups based on similar characteristics. First, we determine whether a farm \n is a family farm or a nonfamily farm. Then we break out family farms based on farm size \n measured by gross revenue, and gross revenue is a measure of income received by the farm. This","bbox":{"left":0.117647,"top":0.820914,"width":0.7612220000000001,"height":0.07250999999999996}}],"images_bbox":[],"images_bbox_not_text_overlap":[]}