If you think hiring good employees for food and agricultural jobs is difficult now, the data doesn’t indicate it’s going to improve anytime soon. Understanding generational differences in today's labor makeup will help ag companies weather the tight labor market.
Cropland values jumped 8.1% this year, hitting an average of $5.460 an acre, USDA reports. Many states have seen double-digit increases this year, with Kansas leading the nation with an increase of 16.6%.
The nation’s farmers and ranchers kept their opinions about the farm economy mostly unchanged in July, but mild upticks in optimism are included in a report measuring the state of mind in rural America.
Deere and Co. doubled its operating profit from production agriculture in the latest quarter, expecting row-crop farmers to be “very profitable” this year and making money well into 2024 due to the historically strong commodity markets.
Federal Reserve action to curb inflation is also having an impact on the business decisions of American producers, according to a panel of ag economy experts speaking Monday at the Agri-Pulse Ag and Food Policy Summit.
Many cotton growers face a critical decision over the next few weeks: whether to switch some of the acreage to wheat, soybeans and other crops because of the significantly higher market prices for those commodities.