Agricultural Economics Department
Date of this Version
June 2002
Abstract
While the market for agricultural real estate is unique in numerous ways, one very significant way is the low rate of ownership turnover. For many market participants, the buying or selling of farmland may be a once-in-a-lifetime event. Numerous agricultural properties continue to remain under a family’s ownership for generations. Even in those instances where individuals are actively buying and selling agricultural real estate, the activity is still relatively infrequent. In short, agricultural land tenure is very stable.
Comments
Published in Cornhusker Economics, 06/19/2002. Produced by the Cooperative Extension, Institute of Agriculture and Natural Resources, Department of Agricultural Economics, University of Nebraska–Lincoln.
http://www.agecon.unl.edu/Cornhuskereconomics.html