A farm consultant believes farm real estate ownership will undergo a major change in the next decade.
“With about $3 trillion in agriculture assets in the country, over the next 10 to 15 years, a tremendous amount of that wealth is going to be changing hands and about 70 percent of that wealth is tied up into farm real estate.”
Mike Fassler with the Family Business Consulting Group tells Brownfield nearly two-thirds of farm owners are 55 and older and while they might be preparing to pass farmland onto the next generation, the current economic environment could delay the transfer.
Continue reading Majority of farm assets will be inherited at Brownfield Ag News.
