Food For Thought: Who Owns America's Farmland - Part II (2024)

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September 20, 2023 - Written by: Nancy Pollard
Read Time: 5 Minutes

Here’s The Not So Bad News

We have all read that farming in the US may reach a crisis point unless we can come up with a large enough new generation of farmers. Fortunately, the USDA offers a measure of reassurance. About two-thirds of farmland in the US is actually owned by individual farmers. That’s a comforting number, and here’s another: Over two million farmland owners are families or individuals. Although we see some nightmarish documentaries and news reports about agricultural monoliths, they number only about 330,000 and occupy a measly 5% of all US farmland.

According to the US Census, we have at least two million fewer owners of farmland now than we had in 1945. We also have a declining population of actual farmers. Although modern technology certainly has helped in some ways to create more efficient and still sustainable farming, we currently have fewer than three million farmers in the US. Only half that number actually farm all their arable land. About 6% farm part of the land they own and lease out the rest to other small farmers. Forty-four percent of this US Census total do not farm the land but rather lease it out to a variety of tenant farming operations. The growth of individual land ownership since the benchmark of 1945 is good news. This census shows an increase in owners and part owners (with a large increase in part ownership) of farmland and a decrease in tenant farmers.

Warning Signs

Our government certainly should monitor the investment of foreign entities purchasing and leasing arable real estate; in addition politicians should also examine the domestic hedge funds and wealthy individuals who are taking farmland away from a small but growing population of younger farmers. Farming needs an infusion of youth. The average age of our current farmers is just shy of 60. And based just on an anecdotal evidence, younger farmers who want to use organic, biodynamic or regenerative agricultural practices have a difficult time finding land that they can “refurbish” to meet more sustainable and healthier standards for our population. To bring back depleted and chemically saturated farmland requires a series of cover crops that replenish the soil but offer no immediate return on investment. This process can sometimes can take as little as five years, but more often it takes seven years.

While some mainstream and social media focus has highlighted the devastation of the once unbelievably rich farm land in our midwestern states and some legislators are justifiably concerned over domestic farming by foreign entities for their own consumption, there is little oversight of domestic purchases of our arable land for investment. Less than 1/5 of the the United States is suitable for farming. Every acre deserves to be watched over.

We are not a nation of foragers except for fast food, so arable land is valuable. According to an article in the New York Times, the price of farmland in the US has increased by 75%. in less than two decades. Bill Gates became a brief target of some media attention as both he and his investment company Cascade bought some 269,000 acres of US farmland. Jeff Bezos, your friendly founder of Amazon, recently purchased 400,000 acres of farmland in Texas. Other real estate billionaires have bought thousands of acres in Indiana, Illinois, Iowa and Florida according to Hansen Land Brokers, Inc. Since arable land is finite, and with the increase of land used for home and office building, it is the perfect hedge against the volatility of stock markets worldwide — good protection for some of your billions. Farmland can be profitably leased or sold to the highest bidder. While this may be helpful to your retirement portfolio, it will ultimately affect your grocery bill and the quality of the food you buy.

A New Crop of Farmers

We have not protected our small farmers. And it is that sector that has historically fed communities, provided superior quality in produce and livestock – and been better stewards of the land. Less known is the necessity of nurturing a broader group of individual farmers. Hidden by the more lurid and dispiriting reporting of political corruption in the US, are the bipartisan efforts both in Congress and at the state level to vastly improve our five year Farm Bill. When I get emails from my representatives in the Senate and Congress, I now pay much more attention to how they vote on these agricultural issues.

When our sharp-penciled editor joined the Arcadia Center for Sustainable Food And Agriculture, we discovered they have a program for military veterans who want to farm commercially. And there are now arising groups of young sustainable farming advocates such as Beginning Farmers or the National Young Farmers Coalition. The first organization is a reference tool for a wide spectrum of people interested in how to farm. From commercial mushroom cultivation to the intricacies of urban farming, this website has an ever changing list of programs, resources and farm employment opportunities.

The National Young Farmers Coalition offers a different face. Established in 2010, they are active in recruiting and aiding immigrant and POC individuals who want to farm but have been denied access and knowledge. Among other invaluable tools, they have developed an online calculator to help aspiring farmers figure out how to purchase land, or lease to own, and use conservation easem*nts to their advantage. All very handy when approaching a loan officer at a bank or filing for a federally funded agricultural grant. This coalition is organizing on several political and social fronts. Since the Climate Crisis is no longer looming but has arrived, dealing with and mitigating it is certainly a guiding focus. They argue that farming and feeding the US population is a public service, as well as means of earning an income. And they advocate very strongly for social change both in the agricultural trades and in financial markets.

Even with all the depressing statistics, we should be encouraged to see these signs of farmland advocacy taking root. We consumers need to help nurture these seeds so that our children and grandchildren can reap a more bountiful harvest.

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Food For Thought: Who Owns America's Farmland - Part II (5)

After owning one of the best cooking stores in the US for 47 years, Nancy Pollard writes a blog about food in all its aspects – recipes, film, books, travel, superior sources and food related issues.

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8 months ago

Great article, except increased CO2 means more plant food. The IPCC’s 2 deg F increase in temperature over the last 140 years has not, according to the IPCC, increased droughts, floods, and tropical storms. It is warmer, of course, but that decreases mortality compared to colder weather. The alleged crisis is still in the future. Same for sea level, which is rising about 1.7 mm annually and has been for at least 100 years.

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Author

Nancy Pollard

8 months ago

Reply to Arthur Purves

The author of the above comment wants KD readers to know that his information comes from http://www.climate4you.com. He feels that this website offers the most data. It is the personal website of a geomorphology professor in Oslo, Norway, who selects and aggregates strands of scientific data to validate his views on climate change.

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Joan Bullmer

8 months ago

Excellent and encouraging information. Although I’m too old to entertain the idea of helping local farmers, I’ll find out how I can contribute my time to participate in farming advocacy to insure that this issue resonates within my community.

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Author

Nancy Pollard

8 months ago

Reply to Joan Bullmer

Hello Joan,
I am very happy that this post has moved you to becoming an advocate for our next generation of farmers! Those two websites were both fascinating to delve into.

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Food For Thought: Who Owns America's Farmland - Part II (2024)

FAQs

Who owns America's farmland? ›

People own most farmland. Some 2.6 million owners are individuals or families, and they own more than two thirds of all farm acreage. Fewer than 32,500 non family held corpor ations own farmland, and they own less than 5 percent of all U.S. farmland. Farmland owners hold an aver age of about 280 acres each.

Who owns the second most farmland in the US? ›

John Malone

Does Jeff Bezos own farmland? ›

Jeff Bezos, your friendly founder of Amazon, recently purchased 400,000 acres of farmland in Texas. Other real estate billionaires have bought thousands of acres in Indiana, Illinois, Iowa and Florida according to Hansen Land Brokers, Inc.

Why are billionaires buying farmland? ›

Several of the world's wealthiest are purchasing farmland as part of their investment strategies. But billionaires acquiring agricultural property isn't a trend. It's a strategic move for investors to enhance and diversify their portfolios.

Who is the largest owner of farmland in the world? ›

The largest landowner in the world currently is King Charles III of England. How much land does the Royal Family own? He and the British Royal Family own more than 6,600,000,000 acres of land around the world. They technically own many territories around the globe, amounting to 1/6 of the surface of the planet.

Who is America's largest land owner? ›

The largest private landowner in the United States is the Emmerson family, which owns and operates Sierra Pacific Industries, one of the largest lumber producers in the country.

What country owns the most U.S. farmland? ›

Which countries own the most land in the U.S.? China holds only about 1% of all foreign-owned land in the United States, while Canada owns nearly a third. Canada holds 31% of all foreign owned land, with the Netherlands and Italy following with 12 and 7% respectively.

How much U.S. soil does China own? ›

According to a 2021 report by the Department of Agriculture, China owns 384,000 acres of American agricultural land; ownership which jumped by 30% from 2019 to 2020.

Why did Bill Gates buy so much farmland? ›

He responded, “I own less than 1/4000 of the farmland in the US. I have invested in these farms to make them more productive and create more jobs. There isn't some grand scheme involved - in fact, all these decisions are made by a professional investment team.”

Does Warren Buffett own any farmland? ›

The exact number of properties Buffett currently holds is not disclosed. It is known that he owns at least 400 acres of residential and agricultural properties, which are rented out to his son 3.

How much farmland does George Soros own? ›

In the past two decades, George Soros invested in vast tracts of farmland worldwide, from a 70,000-acre soybean plantation in Louisiana to roughly half a million acres of cattle, grain, dairy and ethanol production throughout South America via Adecoagro SA, an Argentinian company in which Soros once owned a 23% stake.

Are you rich if you own a farm? ›

Farm Household Wealth and Income

In 2022, the median U.S. farm household had $1,376,404 in wealth. Households operating commercial farms had $3.5 million in total wealth at the median, substantially more than the households of residence or intermediate farms.

Why is Amazon buying farmland? ›

With ownership comes Amazon's ability to better develop and run its logistics facilities in regions such as Southern California, where community movements to ban or limit warehouse development near neighborhoods have taken root, Bridge's Jones said.

Can farm land make you rich? ›

Farmland offers both short-term and long-term opportunities for creating wealth. The land parcel itself is a hard asset typically maintains its value in your investment portfolio. Its low-risk nature can help diversity your holdings and balance out some of your riskier stock market investments.

Who is the largest foreign owner of U.S. farmland? ›

Which countries own the most land in the U.S.?
  • CANADA. 31%
  • Other. 28%
  • NETHERLANDS. 12%
  • ITALY. 7%
  • UNITED KINGDOM. 6%
  • GERMANY. 6%
  • PORTUGAL. 3.6%
  • FRANCE. 3.2%
Mar 29, 2024

How many acres of U.S. farmland is owned by China? ›

China owns 384,000 acres of American agricultural land. That's a 30% increase just since 2019. And on top of that, they own land near an air force base in North Dakota.

Who owns most of the land in America? ›

Editor, The Land Report

The Emmersons became America's largest landowners in 2021 when they acquired 175,000 acres in Oregon from Seneca Timber Company. With that acquisition, the Emmersons surpassed Liberty Media chairman John Malone's 2,200,000 acres.

Does the U.S. government own any farms? ›

Although the Federal Government once held most U.S. land, 60 percent (1.4 billion acres) is now privately owned. Virtually all farmland is privately owned.

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