The TOTAL Survey

How many acres of U.S. farmland is rented to ag producers for growing crops? According to USDA's latest ten year Ownership and Transmission of Agricultural Land Survey. Speaker 2: Those landlords collectively rented out 350 million acres of farmland. Speaker 1: Bryan Combs of the National Agricultural Statistics Service, says acreage for 2024 applied to farmland owners who are both operating farmers and non-operating landlords. Speaker 2: There were over 2 million landlords who leased agricultural land to farmers. This is a slight increase from 2014. Speaker 1: The last time this once in a decade survey was conducted. Additional findings from the survey. Rented farmland acreage, including buildings, are valued at $1.6 trillion. Landlords in 2024 received over $34 billion in rental income while incurring $12 billion in operating expenses.