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For farms with production contracts, the value of the commodities produced is used, not the amount of the fees they receive.

Some, however, may normally have much higher sales, but experience low sales in a particular year due to bad weather, disease, changes in marketing strategies, or other factors. Point farms are farms with less than $1,000 in sales but with points worth at least $1,000. If a place does not have $1,000 in sales, a "point system" assigns dollar values for acres of various crops and head of various livestock species to estimate a normal level of sales.

Since the definition allows for farms to be included even if they did not have at least $1,000 in sales, but normally would have, a system is developed by USDA's National Agricultural Statistics Service for determining when a farm normally would have. Disposable personal income of farm and nonfarm residentsĪ farm is defined 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.Farm operator and principal farm operator.This glossary provides working definitions of key terms and a better understanding of how these concepts are applied in estimating farm household income and wealth. Farm Household Well-being: Glossary, May 24, 2022. Department of Agriculture, Economic Research Service. Suggested citation for linking to this discussion: