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.
"We're going to have an incredible shift in value over the next five to 20 years."
To read the full report by NPR, click here: