With so many farmers nearing retirement, the question looms, who will farm this land in 2025, a scant 13 years from now?
The challenge of replacing retiring farmers is daunting, but a University of Missouri professor is doing his part to help prepare young farmers for agricultural careers.
Kevin Moore is teaching a class which focuses on subjects such as financial planning, developing business plans and features visits from farmers and professors who cover topics such as estate planning, business organization and tax management.
A recent USDA survey forewarns of an impending crisis in agriculture. It’s not about too many rules and regulations restricting farmer profitability, inadequate farm policy or rising input costs, although these factors could very well play into the crisis.
It’s not about land, or water or conservation. There are plenty of rules in place to preserve these resources.
Little has been done however, to encourage the next generation of farmers to step in and provide society’s food, feed, fuel and fiber. With so many U.S. farmers so close to retirement, and a generation of young people less inclined to follow in their parent’s footsteps, one wonders, who will be farming this land in 2025, a scant 13 years from now?
What a professor at the University of Missouri is doing to address this potential shortage of knowledge and skill won’t by itself provide the necessary transfusion of youth. But it’s a good start.
Kevin Moore, an associate professor of agricultural economics, teaches a class at UM called “Returning to the Farm.” It prepares students to overcome the financial and personality hurdles of becoming a farmer.
“The purpose of the class is to teach students the skills that they will need to overcome the financial and societal pressures they face when going back to the family farm or starting their own farms,” Moore said.
The class focuses on subjects such as financial planning, developing business plans and features visits from farmers and professors who cover topics such as estate planning, business organization and tax management.
“If students are prepared to face the first five years of business, they can be successful in the farming industry,” Moore said. “The class helps them prepare for these situations.”
Moore believes many young children of today are more attracted to what they see as more lucrative, non-farming careers and an urban lifestyle. Public perception of agriculture has fallen in recent years, adding to the pressure to seek employment elsewhere.
Moore says parents often wait too long to discuss their children’s goals. “All too often, assumptions are made about the next generation coming back to the farm,” Moore said. “This leaves a lot of planning and decisions for later, during crunch time when kids have already made decisions about the direction of their lives. If younger adults are going to continue to choose not to go into the farming industry, then we may run into a problem, within the next decade or two, due to the lack of farmers in the United States.”
Moore points out that only 5 percent of principal farm operators nationwide are under the age of 35. With one-third of U.S. farmers now at 65 or older, time is running short.