Total land in farms decreased 1.9 million acres to 893,400,000 acres in 2022 versus 2021. Here is other noteworthy farmland data, courtesy of USDA’s Farms and Land in Farms 2022 Summary.
“Whether you need a trust is about dollars, but it’s also about several other factors including control, asset protection and family relationships,” says Kelly Jackson Hardy, CPA and principal with CLA.
"It would be a lost opportunity if we just sit on the sidelines and watch other countries engage while the playing field continues to tilt against us," said Rep. Smith, R-Neb.