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Right. Most of it is owned by the llc the farmer set up for thier land, and/or the family trust set up to prevent the land from being split into ever smaller pa
by sophacles 1y ago
Right. Most of it is owned by the llc the farmer set up for thier land, and/or the family trust set up to prevent the land from being split into ever smaller parcels by inheritance.
- perardi 1y agoYeah, that’s how my farm land is set up. I inherited farm land from my grandfather. I am very much not a farmer, I do not want to live in Southern Illinois, but I don’t want to give up the land, so I rent the land to a farmer with adjacent property. I realize that’s not really the point of this article—this is more about huge firms buying up non-trivial amounts of land.