WESTBURY, N.Y. (RFD NEWS) — New research from the U.S. Department of Agriculture (USDA) Economic Research Service highlights both the challenges and opportunities facing beginning farmers and ranchers as they work to establish long-term operations.
Farms operated by beginning producers tend to be smaller, with fewer assets and lower overall debt levels. These operations are more likely to rent land, sell through local or niche markets, and receive fewer government payments compared to more established farms.
However, survival rates remain slightly lower. Operations led entirely by beginning farmers were 2 to 3 percentage points less likely to survive over a 10-year period compared to farms that included more experienced producers.
The report identifies several factors tied to higher success rates. Beginning farmers who participate in crop insurance programs, utilize USDA support programs, and diversify into value-added or local markets tend to improve their chances of long-term survival.
More than one million beginning farmers currently operate across 196 million acres, making their success critical to the future of U.S. agriculture as the farming population continues to age.
Access to farmland remains one of the biggest barriers facing aspiring producers, while transitioning out of farming can also present challenges that put valuable farmland at risk. Heidi Exline with American Farmland Trust joined us on Wednesday’s Market Day Report to discuss efforts aimed at addressing farmland access and long-term land transition.
In her interview with RFD NEWS, Exline spoke about the challenges new and beginning farmers face in accessing farmland, as well as the broader implications those barriers can have for agricultural production. She also addressed concerns about farmland being lost without clear pathways for transition to the next generation of producers.
Exline also highlighted the work of the American Farmland Trust in New York and New Jersey to support farmland access and strengthen transition opportunities for retiring and beginning farmers.
Finally, she discussed what she has seen as key factors in creating successful matches between younger farmers seeking land and older farmers preparing to transition out of production.
Corey Rosenbusch with The Fertilizer Institute joined us to discuss supply chain disruptions and what farmers should watch as global tensions impact fertilizer markets.
