We recently had a tract of farmland in my county that was sold to a land investment company. The selling price was over $12,000 per acre–outbidding any local farmer. I took a step back and while I have heard of these types of companies, this is the first time they made their presence in my county. So what and who are land ownership companies?
There are approximately 911 million acres in the U.S. 61% are owned by farmers and ranchers. Of the remaining 39%, 10% is owned by corporations, trusts, and other owners. While currently a small percentage now, that number has been growing as farmland becomes an attractive investment.
Click here to see more...