3 ms·
"For only the second time in the last century, the number of farmers under 35 years old is increasing..." Not surprising because this is cyclical- the only dif
by olympus 9y ago
"For only the second time in the last century, the number of farmers under 35 years old is increasing..."
Not surprising because this is cyclical- the only difference is that the cycles in the past were shorter because life expectancy was shorter. Farming is a job that requires(1) a huge amount of up-front capital to get started in terms of land and equipment. The recurring cost isn't as high, but you have to stay in the game for as long as you can to pay off the initial investment. So a lot of people got involved in farming 50 years ago as young people, and they are dying off/finally retiring. Some are handing over the reins to their kids, and some are handing over the reins to their grandkids. Some aren't handing anything over, but when they leave there is room in the market for young people to enter. All of this results in generational and bi-generational influxes of farmers.
(1) You don't have to have the capital up front, you can get a loan or you can sharecrop. Getting a loan means your break-even time is longer, and sharecropping basically makes you an employee.