America’s farmland is up for grabs. With two-thirds of the nation’s farmers retiring in the next 20 years, 400 million acres will change hands. Who will control what happens to that land?
Land is in huge demand. Highly sought-after by developers, pension funds and rich refugees from Silicon Valley seeking country estates, yet another buyer has arrived on the scene: the investor.
According to the Wall Street Journal, institutional investment into U.S. farmland topped $2 billion from 2013 to 2015. These investments are being purchased through brokers called REITs — Real Estate Investment Trusts — touted as a stable long-term investment in a shaky market full of flimsy financial instruments. In the long run, land is bound to go up because it is limited, and food consumption worldwide is going up. Plus, it speaks to a long-held cherished belief that property is the safest place to put your money. Continue Reading →