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Published July 24, 2021, 10:00 AM Many individuals are blessed to have inherited farmlands from their ancestors. This helps them continue what their families have started. Others acquire their own agricultural property to start a farm, optimize productivity, and have full control of the land.  Then there are those who prefer renting land for farming for various reasons. Although others may see it as a disadvantage compared to owning one’s own farmland, some of its benefits include the following: (1) it requires less capital to renovate an old farm as opposed to building a new one from scratch, (2) it shortens the time before operations can start, and (3) it excludes property taxes in the farm’s overhead costs.

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