@article{Hoppe:58623,
      recid = {58623},
      author = {Hoppe, Robert A. and Korb, Penelope J. and Banker, David  E.},
      title = {Million-Dollar Farms in the New Century},
      address = {2008-12},
      number = {1476-2016-120993},
      series = {Economic Information Bulletin},
      pages = {41},
      year = {2008},
      abstract = {Million-dollar farms—those with annual sales of at least  $1 million—accounted for
about half of U.S. farm sales in  2002, up from a fourth in 1982 (with sales measured  in
constant 2002 dollars). By 2006, million-dollar farms,  accounting for 2 percent of all
U.S. farms, dominated U.S.  production of high-value crops, milk, hogs, poultry,  and
beef. The shift to million-dollar farms is likely to  continue because they tend to be more profitable than  smaller farms, giving them a competitive advantage. Most  million-dollar farms (84 percent) are family farms, that  is, the farm operator and relatives of the operator own the  business. The million-dollar farms organized as nonfamily  corporations tend to have no more than 10 stockholders.},
      url = {http://ageconsearch.umn.edu/record/58623},
      doi = {https://doi.org/10.22004/ag.econ.58623},
}