At the beginning of the millennium, there were 18,200 more farms in Finland than in 2011. About every farm in five ceased operations after 2000. However, the decline in the number of farms in this millennium has clearly slowed down as compared to previous years because in 1990–2000, the number of farms decreased by a total of nearly 50,000 farms. Of the farms, 88% were owned by private persons and 10% by heirs and farming syndicates. Incorporated company-based farms amounted to 1%.