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Cake day: June 14th, 2023

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  • I’m not sure I would call that a monopoly though. Most farmland is owned by the operator, and a large portion of leased farmland is owned by retired farmers, descendants, or widows. Roughly 10% of land is owned by some sort of corporate or trust landlord. (This data is a tad old, but my general sense from subsequent years is that land transfers were mainly through inheritance, not sale, implying the situation is similar today). Price increases in land is due to different forces, and consolidation occurs mostly within communities (i.e. a big family farm purchases a small family farm, or when a farmer dies their kid retains the land and rents it, these are the processes behind consolidation and lack of land access, imo).