In Iowa, most farmland is owned by folks 55+. A third in their eighties. Half women (widows by and large).
The land, if it's farmed at all, is by a younger tenant farmer who pays cash rent.
A huge intergenerational transfer is imminent. What the grandkids will do with eighty acres in Iowa is anybody's guess.
A huge intergenerational transfer is imminent. What the grandkids will do with eighty acres in Iowa is anybody's guess.