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Abstract
This article presents newly developed national estimates of average income, per farm and per
person in the farm family, for each economic class of farm in 1949. Aggregates and
averages of farm income and expenditures are published regularly in considerable detail
in The Farm Income Situation. Breakdowns are provided by regions and States and also
in such terms as individual commodities and commodity groups, money and nonmoney
income, and the various types of expenditures. But historical data by economic class of farm
are not available to permit analyses of income trends on commercial farms on the one
hand and noncommercial farms on the other. That is, estimates are for all farms in
the United States, from the very small part-time and residential farms to the very large
farms with sales valued at $100,000 or more.