Which Farm Business Type Sells the Most?
Although individually or family owned farms make up the majority of farms and operate the greatest amount of farmland, the market value of their farm products was less than that of Massachusetts's corporate farms. Individual or family owned farms produced $131.5 million in agricultural products in 2002, 34.2 percent of the total market value for Massachusetts. Corporations produced 44.9 percent of the Commonwealth's total, with market value of $172.4 million in 2002. The market value for partnership farms in 2002 was $48.8 million, or 12.7 percent of the Commonwealth's total. "Other " types of farms, contributed $31.6 million to the Commonwealth's total market value of agricultural products, about 8.2 percent.