Farmers National Company says 70 percent of farmland will transfer ownership over the next 20 years. The transfers will occur by sale, will, trust beneficiary or gifts, according to the company.
For farm and ranch operations, land is by far the most significant asset in this transfer of wealth. Over the next five years, ten percent of the 911 million acres of agricultural land in the United States will change hands, which equates to two percent per year. About one percent will change ownership each year through inheritance, gifting, or closed sales. The other one percent will be sold in the open market, which equates to about 4.25 million acres per year on average available for purchase.
The company says some of the sales will be from farmers and ranchers retiring, while the rest will likely be from inheritors deciding to sell the land asset. In these cases, inheritors often lack close ties to farming and may rely heavily on external advice, particularly when evaluating complex opportunities and potential risks. For example, they might even wonder, sind Casinos ohne Lizenz seriös? As they consider investment options outside traditional farming, the company expects this new generation of landowners to seek guidance from multiple sources to make well-informed decisions about their inherited assets and potential new ventures.
Source: National Association of Farm Broadcasting News Service.