It has been said that farmers can’t afford to be pessimists. Even in an age of rapidly encroaching automation, it isn’t, and never has been, easy being a farmer. However, one cannot become a farmer without a sense of optimism.
There are over two million individual farms in the United States. That is the equivalent of almost 900 million acres of arable land used for industry in the country. And the average size of a farm is about 444 acres.
The typical family-owned farm makes about $69,000 in profits annually.
However, due to climate change, international political tensions, tariff wars and changing consumer diets, family-run farms have struggled to profit. Over 39% of the income generated by farmers in 2021 will come from tens of billions in government subsidy payments.
REPOSTED FROM LANDINCOME.COM – READ FULL ARTICLE HERE
Team Spotlight: Kari Rickenbach, Permanent Crop Associate Kari brings more than 20 years of experience in the permanent crop industry to Root Ag Advisory. With a background in farm operations, financial management, and horticulture, she understands the decisions producers face from both the field and business side of an operation. Her experience helps support Root… Employee Spotlight: Kari Richenbach
🌾Farm succession is not just about who gets the land. It is about protecting the operation, preserving family relationships, planning for taxes, assets, water, leases, and long-term goals… And making sure the next generation has a clear path forward. Consider the following when creating your farm’s succession plan: – The earlier the conversation starts, the… Farmland Succession Planning
Root Agricultural Advisory
2670 S. Eagle Rd. Meridian ID 83642
(208) 753-2333 info@rootagadvisory.com
