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Acquiring Farmland in the United States

Author

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  • Rogers, Denise
  • Wunderlich, Gene

Abstract

By what methods do people acquire farmland? According to the Census of Agriculture's Agricultural Economics and Land Ownership Survey (AELOS), owners acquired 51 percent of their farmland by purchase from a nonrelative, which represents arm's-length or market-driven sales. They acquired another 18 percent in purchase from relatives; these transactions may Contain nonmarket influences on price and financing. The remaining 31 percent of farmland was acquired by inheritance, gift, and other methods. Farm operators acquired a higher proportion of their farmland through purchase than did owners who are not farm operators. According to the 1988 AELOS and supporting surveys, 3.5 percent of farmland, on average, changes hands each year.

Suggested Citation

  • Rogers, Denise & Wunderlich, Gene, 1993. "Acquiring Farmland in the United States," Agricultural Information Bulletins 309696, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersab:309696
    DOI: 10.22004/ag.econ.309696
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    Cited by:

    1. Weber, Jeremy G. & Key, Nigel D., 2013. "Does proprietor wealth influence small business decisions? Land appreciation and farm business borrowing, land ownership, and output," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150408, Agricultural and Applied Economics Association.
    2. Gale, Fred, 1994. "The New Generation of American Farmers: Farm Entry and Exit Prospects for the 1990's," Agricultural Economic Reports 308417, United States Department of Agriculture, Economic Research Service.
    3. Valliant, Julia C.D. & Ruhf, Kathryn Z. & Gibson, Kevin D. & Brooks, J.R. & Farmer, James R., 2019. "Fostering farm transfers from farm owners to unrelated, new farmers: A qualitative assessment of farm link services," Land Use Policy, Elsevier, vol. 86(C), pages 438-447.

    More about this item

    Keywords

    Farm Management; Land Economics/Use;

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