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Abstract

The number of U.S. farms with sales above a quarter million dollars increased by nearly 1½ times over the last decade, but about half the gain was due to inflation. This report presents the dimensions of change in the farm sector for a number of variables (income, wealth, ownership, organization, and concentration of production) adjusted for inflation to document the actual change between 1974 and 1982, It also presents economic profiles of typical farms by region for major commodities.

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