What do you think of when you hear the phrase family-owned business? You may not immediately think of the family farm, but they are just as important to our economy and communities. In fact, family farms account for 96% of all U.S. farms, according to the 2017 Census of Agriculture Farm Typology report released last week by the National Agricultural Statistics Service (NASS). These farms – 1,789,439 small family farms, 108,304 mid-size family farms, and 52,592 large-scale family farms – collectively produced $318 billion worth of agricultural products in 2017.
