by David A. Widmar and Brent A. Gloy
In a recent post we looked at the aging American farmer. Although we didn’t discuss it in that post, one of the most important outcomes associated with the trend toward older producers is the concentration of farmland ownership and control amongst older producers. This post examines that trend.
The recent release of the 2012 USDA Census of Agriculture provides a comprehensive picture of the U.S. farm sector. There are many, many potential insights that can be gleaned from the data, but hundreds of pages of data can be a little overwhelming.
From the Census, we identify 8 key facts about the farm sector. More details and discussion about these Census facts can be found in The AEI Report: “8 Trends Shaping the Future of Agriculture: The Census of Ag Facts You Should Know”, now available for free, click here.
For this post, an overview of the 8 Trends is below: