Wrong – 98% are family farms – most are small, a few are big. The big farms are on average the most efficient, so 12% of farms produce 84% of the value.
The data are freely available for those who wish to know the facts rather than the propaganda from anti-corporate activists like FOE, Greenpeace or the flavors of the Occupy movement. E.g., see the U.S. Dept. of Agriculture report “Structure and Finances of U.S. Farms: Family Farm Report, 2010 Edition“, or the related report “America’s Diverse Family Farms, 2010 Edition“. The summary of both reports is similar:
Most U.S. farms—98 percent in 2007—are family operations, and even the largest farms are predominantly family run. Large-scale family farms and nonfamily farms account for 12 percent of U.S farms but 84 percent of the value of production. In contrast, small family farms make up most of the U.S. farm count but produce a modest share of farm output. Small farms are less profitable than large-scale farms, on average, and their operator households tend to rely on off-farm income for their livelihood. Generally speaking, farm operator households cannot be characterized as low-income when both farm and off-farm income are considered. Nevertheless, limited-resource farms still exist and account for 3 to 12 percent of family farms, depending on how “limited-resource” is defined.
An excellent principle to keep in mind when exposed to push-media like TV is “Who profits from this story?” In the case of agriculture – such anti-GMO activists, “who profits” includes the organic food industry.