Key Takeaways:

An aging farmer population and fewer younger successors are creating growing farm succession challenges, leaving many operations without a clear future High land values and capital requirements create major barriers to farm ownership for new producers Farmland consolidation and corporate ownership are becoming more common. A large share of U.S. farmland is operated through rental arrangements, a structure that has remained broadly stable for decades Corporate farming structures in some cases shift production toward salaried labor models, reducing financial exposure for workers while also limiting income upside tied to ownership. Although foreign ownership of U.S. farmland has raised food security concerns, it remains limited...