Agriculture is every changing, and one current issue is the markets-prices farmers are receiving for their products. The cattle markets were not expected to drop much in 2016, but a drop came early and bigger than expected–it is now called the historic slide. My parents have shared that they have heard of a few feedlots filing for bankruptcy. My dad shared that the last 2 loads we shipped, were close to breakeven. In addition, the grain markets have also been down. We’ve have had to cut back on a lot just like many other farmers have had to do, my mom & dad did not make any major purchases last year.
I am still learning this whole market thing, but I hope that prices will rise so young people are willing to join the best industry in the world.
One thing I have heard is, agriculture is up and down, it will eventually rise, but no one knows when.