By Scout Nelson
Kansas has always had strong ties to agriculture, but recent times have seen a change in the typical landowner's profile. Robin Reid, from Kansas State University, points out that back in 2015, a vast majority (85%) of Kansas land was owned by its residents. 2022 witnessed a shift towards ownership by those residing outside the state.
This change is driven by inheritance and people buying land, including hunting grounds. County extension offices are swamped with inquiries on land lease rates and Kansas lease laws.
To address these changing dynamics, K-State is hosting its inaugural Kansas Landowner Conference on Nov. 10. The program aims to help landowners learn about the agricultural land market, land lease management, and property tax rules.
Communication is crucial, Reid emphasizes. Proper communication and documented leases can simplify land lease management and reduce conflicts. Ashlee Westerhold, of K-State's Department of Agricultural Economics, will contribute to the conference, shedding light on the aging demographic of Kansas farm owners.
With 66% of farms owned by individuals aged 55 and above, a significant transfer of land ownership to the next generation is anticipated.
Photo Credit: gettyimages-jimfeng
Categories: Kansas, General