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Summer 2002

 

The ups and downs of farming

Fewer farms dotted Indiana's landscape last year, but agricultural output of the state's principal crops was never better.

Indiana lost 1,000 farms with agricultural sales of $1,000 or more this past year, leaving the state with 63,000 farms--the lowest mark in recorded history, according to the Indiana Agricultural Statistics Service at Purdue.

Conversely, Hoosier farms produced record corn and soybean crops. The total value of Indiana crops rose 6 percent, to $3.31 billion.

Most farm losses occurred among mid-size operations, with annual agricultural sales of between $10,000 and $100,000, says Chris Hurt, Purdue agricultural economist.

"Commercial farms are large enough to generate a family living return," Hurt says. "For very small farms with less than $10,000 in sales, the primary source of income is something off the farm. That leaves our group in the center, which is where we tend to lose most of our farms."

 

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