Farm management is the process of overseeing and coordinating the day-to-day operations of a farm, including production, financial management, and personnel management. Efficient farm management is crucial for the success of a farm, as it can help to improve productivity, increase profitability, and reduce costs.
In this blog post, we’ll be exploring farm management statistics to give you a comprehensive understanding of the importance of efficient farm management.
Key Farm Management Statistics 2023 – MY Choice
- The farm management record keeping software and services market is expected to grow at a constant annual growth rate of 17.8 percent from 2017 to 2026.
- The size of the farm management software and data analytics market worldwide from 2021 to 2026 is expected to grow with a CAGR of 17.47 percent.
- Over 50% of the gross income of farms in 2021 came from sales of greenhouse, sod and nursery products.
- The largest geographic areas for farm activity are selected until they represent at least 90% of the national activity.
- 14% of farms are estimated to store liquid manure, with a standard error of 2.54.
- The quality of the estimate for the proportion of farms that store liquid manure is much lower.
- According to the Farm Labor Survey of USDA’s National Agricultural Statistical Service, the number of self-employed and family farmworkers declined from 7.60 million in 1950 to 2.01 million in 1990.
- Average annual employment of hired farmworkers declined from 2.33 million to 1.15 million over the same period.
- Hired farmworkers make up less than 1% of all U.S. wage and salary workers.
- Growth was highest in the livestock sector and crop support services from 2010 to 2020.
- A larger share of laborers in crops and related support industries are female.
- Crop laborers have lower levels of educational attainment compared to livestock laborers.
- Just 25% of crop farm workers in manual labor occupations were U.S. born in 2015-16.
- The share of farmworkers who are women rose from 18.6% in 2006-09 to 26.1% in 2019.
- 69% of hired farmworkers reside in metro counties according to the 2019 American Community Survey.
- Real wages for nonsupervisory crop and livestock workers rose at an average annual rate of 1.1 percent per year between 1990 and 2020.
- Real farm wages grew at 2.9 percent per year in the past 5 years.
- By 2020, the farm wage was equal to 59% of the nonfarm wage.
- Wages were more than 4% higher in 2020 than in 2019 for four out of six nonsupervisory occupations.
Farm Management stats
|Farm Management Market||Expected to grow at a constant annual growth rate of 17.8% from a value of 470 million U.S. dollars worldwide in 2017|
|Farm Management Software Market||Expected to grow with a CAGR of 17.47% from 2021 to 2026|
|Farm Management Latest Statistics|
|– Gross income from sales of greenhouse, sod and nursery products in 2021||More than 50% for some farms|
|– Geographic areas sorted based on activity in sub sector||Largest geographic areas selected until the sum of their size represents at least 90% of the national activity|
|– Farms sorted based on activity in sub sector||Largest farms selected until the sum of their size represents at least 90% of the activity within the geographic area|
|– Proportion of farms that do not store liquid manure||86% with a standard error of 2.54|
|– Quality of the estimate||Same for both the 14% and 86% estimates|
|– Standard error||Absolute error that applies to both the 14% and 86% estimates|
|– Reliability of the estimates||CV2 implies the quality of the estimated proportion of farms which store liquid manure is much lower|
|– Rating||Based on percentage of standard error: A (0.01% – 2.49%), B (2.5% – 4.99%), C (5.0% – 7.49%), D (7.5% – 12.49%), E (12.5% – 17.49%), F (17.5% and more)|
|Farm Labor Survey Statistics||Details|
|Number of self-employed and family farm workers||Declined from 7.60 million in 1950 to 2.01 million in 1990 (74% decrease)|
|Average annual employment of hired farm workers||Declined from 2.33 million to 1.15 million (51% decrease)|
|Role of hired farm workers in U.S. agriculture||Essential|
|Growth rate of livestock sector and crop support services||Highest from 2010 to 2020|
|Demographic information of farm workers|
|– Percentage of female workers||26%|
|– Percentage of workers under 25 years of age||20%|
|– Percentage of workers over 44 years of age||37%|
|– Percentage of married workers||48%|
|– Percentage of White, not Hispanic workers||31%|
|– Percentage of Black, not Hispanic workers||3%|
|– Percentage of other, not Hispanic workers||2%|
|– Percentage of Mexican origin Hispanic workers||57%|
|– Percentage of other Hispanic workers||7%|
|– Percentage of U.S. born workers||44%|
|– Percentage of U.S. citizen workers||53%|
|Education of farm workers|
|– Percentage lacking high school diploma||48%|
|– Percentage with high school diploma||32%|
|– Percentage with at least some college||21%|
|Gender and educational attainment of crop and livestock workers||A larger share of laborers in crops and related support industries are female and have lower levels of educational attainment|
|National Agricultural Worker Survey (NAWS)||25% of crop farm workers in manual labor occupations were U.S. born in 2015-16|
1. Definition of Farm Management
- Farm management is the process of managing all aspects of a farm, including crop selection, soil management, labor management, and financial planning.
- Farm management is essential for ensuring that a farm operates efficiently and effectively, producing high-quality crops while maximizing profits.
2. Importance of Farm Management
- Farm management is essential for the success of a farm, as it helps to ensure that the farm operates efficiently and effectively.
- Proper farm management can help to increase crop yields and improve the quality of crops, while also reducing costs.
- Effective farm management can also help to reduce the risk of crop failures and financial losses.
3. Key Components of Farm Management
- There are several key components of farm management, including:
- Crop selection and soil management
- Labor management
- Financial planning
- Marketing and sales
- Technology and innovation
4. Crop Selection and Soil Management
- Crop selection and soil management are critical components of farm management, as they determine the success of the farm’s crops.
- Proper crop selection and soil management can help to increase crop yields and improve the quality of crops.
- Effective soil management can also help to conserve resources and protect the environment.
5. Labor Management
- Labor management is another key component of farm management, as it determines the efficiency and effectiveness of farm operations.
- Effective labor management can help to reduce costs and increase productivity, while also improving working conditions for farm workers.
6. Financial Planning
- Financial planning is an important aspect of farm management, as it determines the financial success of the farm.
- Effective financial planning can help to reduce costs and increase profits, while also reducing the risk of financial losses.
7. Marketing and Sales
- Marketing and sales are also critical components of farm management, as they determine the success of the farm’s crops.
- Effective marketing and sales can help to increase demand for the farm’s products, while also improving the farm’s financial performance.
8. Technology and Innovation
- Technology and innovation play a significant role in modern farm management, with new technologies being developed all the time to improve farm operations and increase efficiency.
- The use of technology and innovation in farm management can help to increase crop yields, reduce costs, and improve the quality of crops.
In conclusion, farm management is essential for the success of a farm, as it determines the efficiency and effectiveness of farm operations. From crop selection and soil management to labor management and financial planning, farm management encompasses many different aspects of farming.
These farm management statistics will give you a comprehensive understanding of the importance of farm management and the impact that it has on the success of a farm.