Ag Land Trends: The U.S. is losing 2 million acres of farmland each year, according to new data

New data shows the U.S. is losing nearly 2 million acres of farmland each year, and that is driving change in the marketplace.

A report from Farmers National Company says a strong ag economy has driven the land market higher recently. While land prices have risen over the last 25 years, the most change has taken place in just the last three.

FNC says geopolitics and other factors will continue driving change in the ag economy and land values over the next couple of decades. They note generational transfers of ag land will continue bringing changes to the market.