There are more than 2 million farms in the United States, including 69,500 in Tennessee, and about 98% of those farms are operated by families, individuals, family partnerships, or family corporations, according to the American Farm Bureau Federation.
About 86% of all agricultural products in America are produced on family ranches or farms. A single farm feeds an average of 166 people per year, both in the U.S. and abroad. Even so, farming is a mere sliver of the U.S. economy, representing just 1% of America's GD. Farm and ranch families make up less than 2% of America's population.
The U.S. is projected to export a record $191 billion in agricultural products in 2022. Stacker compiled a list of the most valuable crops grown in Tennessee using data from the U.S. Department of Agriculture.
Crops are ranked by total annual value of production as of July, 2022:
1. Soybeans, $965.2 million
2. Corn, $889.4 million
3. Hay, $504.9 million
4. Cotton, $229.8 million
5. Wheat, $152.3 million
6. Tobacco, $84.1 million (Tennessee ranks No. 3 in production)
Source: Stacker