By Scout Nelson
The Farmers Union conference brought together agricultural experts to discuss pressing issues in farming and ranching, including potential tariffs, changing global food demands, and workforce challenges. Speakers emphasized navigating uncertainties while leveraging opportunities in agriculture.
Policy and Economic Challenges
Concerns over potential tariffs and their impact on income were addressed during the event. Experts discussed strategies to mitigate risks while emphasizing hope for progress through new antitrust laws and ongoing legal battles against industry consolidation.
“There are going to be lots of places where we have some opportunities, and we need to grab those opportunities wherever they are,” said one speaker, highlighting the importance of proactive engagement.
Global Food Demand Trends
Experts noted significant growth in global food demand, particularly in China, where annual meat consumption has increased from 27 million metric tons in 1990 to 90 million metric tons today. This surge necessitates an additional 60 million acres of cropland to meet soybean import demands.
Shifting consumer preferences for farm-to-table food and willingness to pay premium prices were also discussed as emerging opportunities for farmers.
Workforce and Management Hurdles
Labor shortages remain a significant challenge, particularly in rural areas. Experts urged farmers to invest in their workforce and hone managerial skills to attract and retain employees.
“How to be a manager of people is going to determine whether or not you can operate a farm or a business that has employees,” one economist noted, emphasizing the importance of soft skills.
Farmers were encouraged to focus on employee satisfaction to reduce turnover and improve profitability. The conference underscored the need for adaptability in facing future challenges while ensuring sustainable growth for the agricultural industry.
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Categories: South Dakota, General, Government & Policy