`Hobby Farms’ Becoming More Popular
November 27, 2007
An increasing number of "hobby farms," sometimes called "lifestyle farms" or "retirement farms," is beginning to reverse the trend of declining numbers of farms in the U.S. It’s also pushing up prices of farm land.
These are small farms, typically from 20 to 40 acres, often purchased and operated by seniors who have retired from successful professional or corporate positions. In many cases they grew up on a farm, or have very fond memories to time spent on a farm during their youth. Now in their senior years they want to dig into the soil themselves and produce a crop or raise animals.
The acquisition of these farms is growing at a rate of about 2 percent per year, and now account for nearly half of all farms. The trend is partially fueled by the increasing demand for organically grown foods, the type of crop usually grown on these farms.
Posted in Helpful Hints, Local Business, Real Estate, Things of Interest
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