Assertion Supported AI assessment confidence: 95% certainty 4/5 debate potential 1/5

Philpot: The US lost several hundred thousand farms over the past decade

Brian Philpot · Brian Philpot – Financing Farmers at AgAmerica (Capital Allocators, EP. 296) · Feb 9, 2023 · at 20:51

Brian Philpot, CEO of AgAmerica, discusses macroeconomic consolidation and structural shifts across the American farming sector with Ted Seides.

0:00 / 0:04exact quote · 4.0s

720p mp4 · rendered on demand · StarZero watermark

“Last 10 years, we've lost several 100,000 farms in America.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

The United States lost several hundred thousand farms over the 10 years preceding 2023.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

According to the USDA National Agricultural Statistics Service (NASS) Census of Agriculture, the total number of farms in the United States decreased from 2,109,303 in 2012 to 1,900,487 in 2022. This represents a net loss of 208,816 farms (approximately 9.9%) over the 10-year period preceding 2023, verifying the claim of losing several hundred thousand farms.

USDA NASS 2012 Census of Agriculture recorded 2,109,303 farms in the United States.
USDA NASS 2022 Census of Agriculture recorded 1,900,487 farms in the United States.
The net decline between the 2012 and 2022 Ag Censuses was 208,816 farms.

Checked against

[1] sustainableagriculture.net [2] farmlandinfo.org [3] usda.gov [4] usda.gov [5] usda.gov [6] iowapublicradio.org [7] azeconomy.org [8] pagevalleynews.com

"Farms and Land in Farms 2022 Summary" "number of farms" 2012 "2,109,303" "1,900,487" USDA Census of Agriculture 2012 2017 2022 total number of farms "Farms and Land in Farms" USDA NASS 2012 2022 number of farms

assessed as of 2026-09-02

This assessment is an AI reading of a public statement, made against the cited references with the confidence shown. It can be wrong. The quote, the tape and the references are all on this page; if something is off, use report an error below. full disclaimer →

Mentioned

farms in America

⚑ Spot an error? Report it

More from Brian Philpot

Assertion Not checkable as stated

Philpot: AgAmerica has completed thousands of transactions with zero loan losses

“For us, I mean, we've done thousands upon thousands of transactions taking back three properties REO. I haven't lost money on a loan, knock on wood, but three loans REO.”

Brian Philpot Feb 9, 2023 ▶ 25:47 Brian Philpot – Financing Farmers at AgAmerica (Capital Allocators, EP. 296)

Insight

Philpot: Institutional farmland investors struggle because top operators own their land

“It's hard to get a high-quality manager in farming that doesn't already own a farm. Your best farmers own their own farm, own their own asset, and so you've got a labor problem.”

Brian Philpot Feb 9, 2023 ▶ 30:11 Brian Philpot – Financing Farmers at AgAmerica (Capital Allocators, EP. 296)

Insight

Philpot: Ag lenders cannot use a loan-to-own strategy due to reputation risks

“If you're going to be in this business, you cannot be a loan to own shop. I mean, I intuitively knew that. You know, you go into a rural area and you treat a farmer in that area bad, you'll never do business there again.”

Brian Philpot Feb 9, 2023 ▶ 6:54 Brian Philpot – Financing Farmers at AgAmerica (Capital Allocators, EP. 296)

Assertion Partly supported

Philpot: Farmland has one-third the volatility of commercial real estate

“Agriculture real estate is so stable. It has one third of the volatility of commercial real estate. Over a long, long period.”

Brian Philpot Feb 9, 2023 ▶ 15:03 Brian Philpot – Financing Farmers at AgAmerica (Capital Allocators, EP. 296)

Assertion Partly supported

Philpot: Farmland real estate has a 97% correlation with inflation

“Has a 97% correlation with inflation.”

Brian Philpot Feb 9, 2023 ▶ 15:21 Brian Philpot – Financing Farmers at AgAmerica (Capital Allocators, EP. 296)

Prediction Not checkable as stated

Philpot: A-quality farmland will appreciate more over the next 30 years

“The A quality dirt always holds value and becomes more pronounced in its value with the time as we move forward the next 30 years, we think.”

Brian Philpot Feb 9, 2023 ▶ 17:04 Brian Philpot – Financing Farmers at AgAmerica (Capital Allocators, EP. 296)

Philpot: The US lost several hundred thousand farms over the past decade

More from Brian Philpot

Turn any episode into a week of clips.