Jay Girotto, founder of Farmland Opportunity, explains how historical Homestead Act settlement patterns created structural ownership fragmentation across Midwestern agricultural land.
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“So you'll even go into a state like Iowa now, you know, has 99 counties. One of those counties will have around 300,000 acres of tillable or plantable farmland. And look in the plat book, which is basically the phone directory for land, and in there you'll find more than 3000 owners of those 300,000 acres. And so it's not owned by large corporations, it's not rolled up even under really large individuals.”
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