The Future of Agricultural Law : A Generational Shift Nothing - - PowerPoint PPT Presentation

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The Future of Agricultural Law : A Generational Shift Nothing - - PowerPoint PPT Presentation

Aug 24, 2023 332 likes •490 views

Shannon L. Ferrell, OSU Department of Agricultural Economics Derrell Peel, OSU Department of Agricultural Economics Derrick Davies, Shareholder Harrison & Mecklenburg, Inc. Robyn Baker, Associate Harrison & Mecklenburg, Inc.

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The Future of Agricultural Law : A Generational Shift

Shannon L. Ferrell, OSU Department of Agricultural Economics Derrell Peel, OSU Department of Agricultural Economics Derrick Davies, Shareholder Harrison & Mecklenburg, Inc. Robyn Baker, Associate Harrison & Mecklenburg, Inc.

Harrison & Mecklenburg, Inc.

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SLIDE 2

Nothing endures but change.

Heracleitus (540 B.C. – 480 B.C.)

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SLIDE 3

Federal Register Page Count 2011: 82,129

Source: Federal Register (1936-2011)

Federal Regulatory "Density" - Pages in Each Annual Volume of the Federal Register

10000 20000 30000 40000 50000 60000 70000 80000 90000 100000 1936 1939 1942 1945 1948 1951 1954 1957 1960 1963 1966 1969 1972 1975 1978 1981 1984 1987 1990 1993 1996 1999 2002 2005 Year Pages

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SLIDE 4

The “New Normal” of the Policy and Advocacy Environment

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SLIDE 5

World Population through 2050

Source: Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat (2007)

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SLIDE 6

Trends in Food Consumption

Source: U.N. Food and Agricultural Organization (2002)

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SLIDE 7

Prices Paid by Farmers Index

Source: USDA-NASS Agricultural Prices (September 27, 2012)

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SLIDE 8

Prices Received by Farmers Index

Source: USDA-NASS Agricultural Prices (September 27, 2012)

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SLIDE 9

Average Farm Real Estate Value

Source: USDA-NASS Land Values 2012 Summary (August, 2012)

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2012 Farm Real Estate Values: $/ac and % change

Source: USDA-NASS Land Values 2012 Summary (August, 2012)

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SLIDE 11

Overall Population Age Distribution

Source: U.S. Bureau of the Census, Age and Sex Distribution 20120 Census

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SLIDE 12

Iow a Farmland Ow nership by Age

Source: Iow a State University Extension (Duffy and Smith, 2008)

2 6 15 22 27 28 0% 20% 40% 60% 80% 100% 1982 1992 2002 2007 >74 years 65-74 55-64 years 45-54 years 35-44 years 25-34 years <25 years

55%

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SLIDE 13

Perspectives for the closely-held farm business Family Legacy

Business

Assets

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THANKS!

Shannon L. Ferrell, OSU Department of Agricultural Economics shannon.l.ferrell@okstate.edu Derrell Peel, OSU Department of Agricultural Economics derrell.peel@okstate.edu Derrick Davies, Shareholder Harrison & Mecklenburg, Inc. derrick@hmlawoffice.com Robyn Baker, Associate Harrison & Mecklenburg, Inc. robyn@hmlawoffice.com