Specialized farming leads to income gap, large farms dominate production.
Farm production has become more specialized over the years, with different types of farms showing unique trends in size, organization, income, and expenses. Large farms are increasing in number within each type, contributing more to production and expenses. Small farms, on the other hand, are struggling with low or negative farm income and often rely on nonfarm employment. Most farms are run as sole proprietorships. The report provides data on income, production expenses, and returns for different types of farms from 1959 to 1982.