Financial advisors as well as wealth managers who are currently looking to expand their services and provide a more comprehensive set of options to those they serve are coming to see farmland as an attractive place to make investments.
Agriculture is the backbone of the United States economy, making it suitable for all types of people who want to invest more in the future of the country in a direct, tangible way.
There is only so much soil in the world. When a prepared advisor learns of an opportunity to invest in farmland and those who participate in developing the land, he or she will be taking into account many aspects of running an agricultural business.
When not in profit-making mode, the farmland will at the very least be used for investors for tax deduction purposes.
Investor advisors should definitely know that it’s a huge market. More than 1 million farmland owners exist in the United States today, per Wealth Management. But it’s becoming more common these days, for fewer of them to own the land they operate. About 55% of owners of farmland currently do not farm the land themselves.
The amount of land now rented for farming comprises 355 million acres, which experts value at $32 billion.
