For example, the survey finds that 60% of Iowa land is owned by people 65 years or older, 82% of Iowa land is owned free of debt, and 29% of all acres is primarily owned for family or sentimental reasons.
Who is the biggest landowner in Iowa?
DES MOINES — The world’s third-richest man is now reportedly the biggest farmland owner in America and he’s also among the largest in Iowa. Billionaire Bill Gates, the co-founder of Microsoft, now holds claim on some 269-thousand acres of land across the country, including 242-thousand acres of farmland in 19 states.
Who owns most of the farms in Iowa?
Over half of Iowa farmland is owned by someone who does not currently farm, of which 34 percent is owned by owners with no farming experience, and the remaining 24 percent is owned by retired farmers.
What is the largest farm in Iowa?
One of Iowa largest contiguous farms, the Amana Farms is made up of 26,000 acres with award-winning crop fields, a 2,400 cow/calf herd, a 4,000 head cattle feedlot, an anaerobic digester, and Iowa’s largest privately held forest.
Who privately owns the most land?
John Malone – 2,200,000 Acres
Billionaire John Malone has the title of the largest private land owner in the United States. His fortune was made in the media space, where he still today owns many media assets we all consume today.
Who owns the most farmland in the Midwest?
Wisconsin has the largest owner/operator percentage in the Midwest, Illinois at 40%, the lowest. In Iowa, 46% of agricultural land is operated by the owner.
What county in Iowa has the best farmland?
Grundy County
Geological changes thousands of years ago, combined with flat ground and favorable weather conditions, make Grundy County the garden spot of Iowa. While the county’s farmland may not always produce the top yields in the state, soil experts agree it is the best.
What percent of Iowa farms are family owned?
But, the truth is that much of our food is grown and raised on farms by families. Iowa has roughly 88,000 farms and 129,000 farm operators. According to the U.S. Department of Agriculture’s 2012 Census of Agriculture, more than 97 percent of Iowa farms are owned by families.
How many acres does the average farmer own in Iowa?
360 acres
The average farm size in Iowa in 2020 was 360 acres, up 1 acre from 2019.
What state has the most acres farmland?
Texas
The range and variation of income and farm size is wide, as evidenced by comparisons of farm income, farm size, and crop production in different states based on USDA data for 2019. The state with the largest number of farms, by far, was Texas with 247,000 farms and 126 million acres of farmland and ranches.
Who is the richest farmer?
Qin Yinglin
Qin Yinglin (Chinese: 秦英林; pinyin: Qín Yīnglín, born 1965) is a Chinese agriculture tycoon, billionaire, Communist Party member, and the world’s richest farmer. He is the chair and president of the pig farming company Muyuan Foodstuff and is one of the richest people in China. According to Bloomberg Billionaires Index,
Who is the richest farmer in America?
Harry Stine (America)
He has a net worth of $3.5 billion. Stine made this huge fortune by licensing corn and soybean genetics to big multinational companies like Monsanto and Syngenta. Stine, the son of a farmer, was fascinated by seeds when he was growing up at their family farm.
How much does an Iowa farmer make per acre?
Driven by strong yields and high corn and soybean prices, Iowa farmland values skyrocketed 29% this year, averaging $9,751 an acre, the highest in 80 years before adjusting for inflation, a new Iowa State University survey shows. That’s 12% higher than the previous peak in 2013, at $8,716 an acre, ISU reported.
How much US land is owned by China?
191,000 acres
USDA’s latest data shows China owns over 191,000 acres of U.S. lands, but that was before a North Dakota land sale this Spring. A Chinese company, Fufeng Group, recently acquired 300 acres in North Dakota for $2.6 million.
Who is America’s largest landowner?
John Malone
The largest landowners in the United States are John Malone, the Emmerson Family, Ted Turner, the Reed Family, and Stan Kroenke. John Malone is the largest landowner with about 2.2 million acres of land across the country, including in Maine, New Mexico, Colorado, and Wyoming.
Why are billionaires buying up farmland?
Food prices have skyrocketed. Farmland owners benefit from this upswing. This makes it a highly effective inflation hedge — even better than most stocks and bonds. So it’s not a big surprise why billionaires have invested (heavily) in the space in recent years.
What is an acre of land worth in Iowa?
$9,751/acre
The 2021 ISU Land Value Survey shows the average value of an acre of Iowa farmland skyrocketed 29 percent over the past 12 months to $9,751/acre as of November 1, 2021.
Where is the most fertile soil in Iowa?
Iowa has some of the most fertile soils in the world. this “black gold” is found in northeast Iowa’s gently rolling terrain, molded by climate, water and plant life.
Why is Iowa soil so good?
Iowa’s rich soil developed under prairie plants and was held tightly by them. When prairie plants die, their decomposition returns nutrients to the soil, creating a rich, black silty soil. When Iowa land was first plowed, the settlers found 14 to 16 inches of topsoil. By 2000 the average was six to eight inches.
Who owns land in Iowa?
OUTSIDE OWNERSHIP? Full-time Iowa residents own 80 percent of the state’s farmland; people living outside the state own 13 percent; and part-time Iowa residents own 7 percent of the land. GENDER DIFFERENCES: Women own 47 percent of Iowa farms, but they’re less likely than men to grow crops.
How many acres do you need to farm full time?
We feel the magic number is 1,000 acres per family to full time farm without any off farm income.