Date of this Version
Cornhusker Economics (February 2011)
The population of the United States is aging. There will be 2.5 million Americans who will have their 65th birthday in 2011, which equates to nearly 7,000 per day. By the end of the year we should have 41 million Americans over the age of 65. The potential cost of long-term care and the impact on the farm business is a significant concern for many Nebraska farmers and ranchers. Many have become increasingly aware of how easily the cost of long-term care can wipe out a lifetime of savings, or hamper the transfer of a family farm, ranch or business to future generations.