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Financing young and beginning farmers

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  • Nathan Kauffman

Abstract

Attracting and retaining the next generation of farm operators has been a persistent struggle in U.S. agriculture. Over the past century, productivity gains in U.S. agriculture have led to the consolidation of farm enterprises into larger operations, limiting opportunities for farm ownership and triggering an exodus of young farmers from the industry. Although the recent surge in farm prosperity has rekindled interest in U.S. agricultural production, the increasing age of farmers and rising costs of farming have generated concerns about the ability of the next generation to enter the farm business.

Suggested Citation

  • Nathan Kauffman, 2013. "Financing young and beginning farmers," Main Street Economist, Federal Reserve Bank of Kansas City, issue 2.
    • Handle: RePEc:fip:fedkms:y:2013:n:2
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    File URL: http://www.kansascityfed.org/publicat/mse/MSE_0213.pdf
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