What plans does the coming generation of young farmers have to survive and prosper in the radically changed world of
agriculture in the 21st century? What business strategies and philosophies will they use to cope with challenges ranging from freight-rate deregulation to complex new technology?
To gain some insight into these issues, The Western Producer
sponsored an exclusive survey, by the Angus Reid Group’s agrifood
division, of farmers under 40. This is the second of
a series of three reports on that survey.
A key strategy for many young farmers will be giving business management a higher priority than production management.
Use of risk-management tools like forward-pricing contracts will increase. Most will take a conservative approach to debt, but
those with the biggest expansion plans will not shy away from
