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1
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- Charts used during
- Sen. Conrad speech on the Senate Floor – Dec. 11, 2007
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2
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- Farms receiving no government payments:
- 98.6% of the income for nonparticipating farm households comes from
off-farm sources.
- Average farm income of $1,098
- Definition of a Farm – ERS Report Quote
- ‘Most establishments classified as farms are too small to support a
household because the official U.S. farm definition requires only $1,000
of sales to qualify as a farm.’
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3
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4
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- Farms with gross sales over $50,000
- 23% of the 1,990,343 farms
- Responsible for 90.3% of farm receipts
- receive just over 81% of farm program payments.
- Farms with gross sales less than $10,000
- constitute 58% of farm numbers
- produce only 3.8% of total farm receipts
- receive 7% of government payments
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5
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- Analysis of FARM 21 – July 2007
- ‘’Twenty-four of the 25 representative crop farms would see more than a
25% decrease in net cash income.’
- With lower commodity prices, the ‘provisions do not come close to
providing the same amount of support as the programs in the 2002 Farm
Bill, and should such a low price scenario occur in the future, most of
the farmers and ranchers would not be able to survive the erosion in
farm income without some additional government support.’
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6
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7
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Notes