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.
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.
A new study by Texas Tech University and Texas A&M AgriLife Extension found that crop production has a substantial overall impact on employment and the economy in the Texas High Plains region. The most recent data shows that crop production on the South Plains supported more than 103,000 jobs and generated more than $12.2 billion in economic activity in 2010.