Farm Progress

Farm Progress America, June 14, 2023

Max Armstrong tells us why an education gap among consumers and farmers is a problem, but so is the one with absentee farmland owners.

June 14, 2023

Max Armstrong tells us more about the farmland ownership survey results released recently.

Mike Downey, who writes for Farm Futures and is an Iowa based ag advisor, says it's becoming common for investors to be part of the farmland purchase. According to the survey, 30 percent of all farmland sales are to investors and 55 percent o farmland in Iowa is owned by people who don't farm and half of those have no farming experience.

The age breakdown shows that owners 34 or younger own 2 percent of the farmland that down from the 11 percent in 1982.

And 66 percent of the farmland is owned by 66 percent in Iowa, that's up from the 29 percent in 1982.

One thing Downey say is clear is the education gap involved in farmland. The industry needs to be aware of trends and look for opportunities to educate the next generation on how to manage their farm investments. Farmland owners needs to be aware of these responsibilities that come with farm ownership.

Max Armstrong's Farm Progress America is a daily look at key issues in agriculture. It is produced and presented by Max Armstrong, veteran farm broadcaster and host of This Week in Agribusiness.

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