@lilyhillcattle: That means that out of 10,000 farms today, only 12 would make it to the fourth generation. Why do you think this numbers are so low? As the third generation to take over my family’s farm, I can see why these numbers are low. With each generation, the risk of the land being divided and distributed among family members increases. Smaller parcels often become too small to sustain independent operations, and family members may choose to sell their portion for quick cash instead. Even when farms are passed down intact, they can often be in a precarious financial position, struggling to adapt to a changing economy making foreclosure and fire sales common. These numbers are real, and we need to recognize that this kind of loss comes at a cost—a cost that will eventually affect us all. Source https://www.farmprogress.com/farm-life/keeping-farms-in-the-family-for-future-generations

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Friday 27 December 2024 17:41:07 GMT