Industry News

Rural land shrinking at rapid rates

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

In this three-part series, Inman News examines America's shrinking farm real estate. Urbanites tired of crammed city living, along with population growth and sprawling development, are a few trends affecting farmland. Some farmers are finding themselves on the edge of developed areas, whereas they used to be located in much more remote regions. See Part 1: Urbanites nab more country real estate and Part 2: Farmers take a stand to preserve land.) U.S. farmland is shrinking, the number of farms is shrinking, and sprawl is devouring rural land at a rapid rate in some areas. Suburbs and rural fringe areas beyond suburbs, referred to as exurbs, are generally growing faster than urban areas. Big cars, big commutes and big houses on big lots are a popular lifestyle choice for many Americans. As the housing boom drives real estate prices higher in many urban and suburban areas, some prospective home buyers find their version of the American dream in new homes built on or near farmland. F...