Some US farms making up to $1 million each from tourists and city folks

Quick Summary:

Farmers whose crops are used to make food, feed livestock and produce vegetable oils are struggling to turn a profit after corn and soya prices sank to four-year lows in 2024.

The number of farmstays, an accommodation at a farm, listed on short-term rental platforms in the U.S.increased by 77 per cent over the past five years, roughly twice the increase in overall listings, data firm AirDNA said.

Farm income has dropped 23 per cent from 2022 in one of the biggest declines in history, according to the USDA, and the American Farm Bureau says the agricultural economy is in a recession.

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Category: EconomyBusiness

Markets: SingaporeCanadaChinaIcelandMexico

Topics: Rural Airstream Agritourism Income Farmer Brit Farmers Airbnb Farms Vintage Farm

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-21 @ 05:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 1062 words

Reading Time: 6 minutes read

Sentences: 36 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 26307275

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