The landscape of land ownership has evolved over the past 25 years as a generational transfer of ownership takes place.
A Farmers National Company report says a strong ag economy has driven the market higher for several years. Most landowners have seen steady increases in value during the past 25 years, but especially within the past three years. FNC says one market dynamic farmers can always count on is change. Politics, world events, and other factors will continue driving change in the agriculture economy and land values over the next 25 years.
Generational transfer of land ownership will continue bringing changes to who owns the land. One constant in the market is the fact that they aren’t making more land available. FNC says the U.S. loses an average of 1.8 million acres of farmland every year, which will only add to the limited supply available and more change in the marketplace.