It’s no secret that hardworking U.S. farmers are looking to hang up their hats. However, the price of land has left many producers struggling to find successors willing or able to follow in their footsteps.
Research shows that 62 percent of U.S. farmers were older than 55 as of 2017. That means more than half of U.S. farms will begin undergoing ownership transitions as that group reaches retirement age by 2027.
