Title: Trends in U.S. Farmland Values and Ownership
Abstract: Farm real estate (land and structures) is the major asset on the farm sector balance sheet, accounting for 84 percent of the total value of U.S. farm assets in 2009. Because of this, changes in agricultural land values are a critical barometer of farm sector performance and the fi nancial well-being of agricultural producers. These changes also have implications for a wide range of policy issues, including agricultural competitiveness, industry structure, commodity programs, conservation payments, farmland protection, and local property taxes. In addition to being the largest single investment in a typical farmer’s portfolio, farm real estate is the principal source of collateral for farm loans, enabling farm operators to purchase additional farmland and equipment or to fi nance current operating expenses and meet household needs.
Publication Year: 2012
Publication Date: 2012-06-07
Language: en
Type: book
Access and Citation
Cited By Count: 79
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot