A relatively small number of families own a surprisingly large amount of US land
The King Ranch has been managed by the heirs of Richard King for over a century and a half.in the US, over half have held the bulk of their property for at least two generations.Several third-, fourth-, and fifth-generation lumber and ranching families show up on The Land Report's list.
A relatively small number of American families own a surprisingly large amount of the nation's land, and most of those families have enjoyed their holdings for generations.. Business Insider analyzed the list, and based on The Land Report's list and other publicly available sources, we found that 62 of the 100 biggest landowners were second-generation-or-later heirs to at least a good portion of their land.
Based on The Land Report's figures, the top 100 landowners in the US collectively own about 41.3 million acres, anRead more:Many of the long-time landowning families come out of the forest products and lumber industry, with much of their holdings in timberlands. The Reed family, number 4 on The Land Report's list, owns a total of 1,729,232 acres, including"timberland in eight states spread out across the Pacific Northwest and the South," according to the list.
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