Half of producers in the latest Purdue University/CME Group Ag Economy Barometer expect their farm size to stay stagnant over the next five years or even reduce.
Purdue Ag Economist Michael Langemeier tells Brownfield at the same time, at least 10 percent of farmers plan to grow by at least 10 percent each year over same the timeframe. He expects expanding generational farms are a driver while others still struggle.
“There’s just tremendous difference in profit between farms and I think we have quite a few farms that are still struggling a little bit in terms of their net cash flow and they’re not able to expand and buy assets, where we have another group that’s in a better financial position,” he says.
