|
|
|
National & World Ag News Headlines |
|
Farmland Ownership Passing into the Hands of Big Investors
USAgNet - 08/04/2020
While absentee ownership of farmland has been around for many years, the new owners are increasingly large-scale investors, NPR reports July 20.
One large group of pension funds says its members own nearly three times more farm properties than a decade ago and their value has quintupled.
"Right now, over 80% of the farmland in the country is owned by somebody 55 or older, and roughly half of them are 75 or older," says Dave Muth, a partner with Alternative Equity Advisors, which is affiliated with Peoples Co., a Des Moines-based land
broker.
He adds that the country will see a shift in value over the next five to 20 years.
|
|
|
|
Copyright © 2024 - Farms.com. All Rights Reserved. |
|
|