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Rate of Return; Categorizing farms according to size is tough row to hoe

It seems simple enough. What is a farm? The U.S. Agriculture Department defines it as "any place from which $1,000 or more of agricultural products were produced and sold, or normally would have been sold, during the year." "Very large farms" are defined as having gross sales of more than $500,000.

SW Farm Press: Lack of Farm Bill Opens Agriculture to Looming Larger Cuts

Failure of the U.S. Congress to pass a farm bill during the last legislative session and apparent apathy from leaders in the House of Representatives to take up the issue anytime soon creates an air of uncertainty and skepticism from farmers and the agricultural industry, according to an agriculture economics professor at Texas Tech University.