The USDA released the latest issue of its Farms and Land in Farms report on Wednesday, showing a decrease in both the number of farms and farmland.
According to the report, there were 2.1 million farms in the United States in 2013, down 7,000 farms from 2012. Since spiking in 2007 at 2.2 million farms, the number of U.S. farms has been steadily declining over the last 6 years.
Seven states in particular showed the highest number of farm losses between 2012 and 2013. Arkansas, Colorado, Kentucky, Louisiana, Mississippi, South Carolina, and Texas each reported between 500 and 800 fewer farms in 2013.
The total land in farms also decreased, falling by 360,000 acres to 914 million acres in 2013. However, the decrease in farmland was not seen across all sales classes. The biggest change was 3.15 million more acres operated by farms in Sales Class $500,000 or more. Forty percent of all farmland falls into this sales class.
The USDA also showed that the average farm size also increased by 2 acres in 2014 to 435 acres per farm.