Experts expect nearly 40% of American agricultural land will transition ownership in the next 15 years. As Kansas farmers retire and land is either sold or inherited by farming or non-farming heirs, the makeup and location of the new owners of that land has been changing over time, reports Kansas State University agricultural economist Robin Reid. Reid worked with the Kansas Property Valuation Division of the Department of Revenue to analyze agricultural land ownership by location. The researchers used data from 2015, the last most complete year of data available. The results, reported in January, show that 84.5% of acres in the study are owned by individuals or entities residing in Kansas. Of those, 54.6% live in the same county as their parcel.
Source: Pratt Tribune
