Every minute, 1 acre of U.S. farmland is lost. From 2002 to 2007, 4 million acres of agriculture land were converted to developed uses.
- In the late 90s and early 2,000s this was close to 2 acres.
- Even after the recession in 2009, this number according to many researchers is believed to be staying above 1.2 acres per minute.
There are all kinds of sites where you can get information in this area. Just a few in the event you are interested in looking: Sustainable conservation, conservation fund, trust for public land, no farm ground-no food, farmland.org.
Sovereign Man, goes as far as to say some years have been as high as 9.5 acres per minute when you consider soil, wind and water erosion combined with rural development.
Combine all of the above, with the fact that much of our urban development is, in particular areas, taking really good farm ground, it becomes even more alarming. Example: A lot of the urban development is taking rich farm ground around places like Indianapolis, Chicago or Des Moines, not marginal ground outside of Albuquerque or Amarillo.
In closing on this one, my biggest takeaway is the value of ground and the value for an agriculture business, like our business, to own their own ground, especially if they are in any type of production business. Or, at least own some ground with the ability (cash on hand or collateral) to buy more if needed. As a wise man once told me, “it’s the only thing they can’t make more of”. - John Brutty, Burrus General Sales Manager