Navigating the Changing Landscape of Agriculture: Insights from Economist Ben Brown

Farming on Purpose

“I continuously am impressed with young producers and beginning producers alike of their determination and their resiliency. If they want to be a part of this industry and they want to live in rural America, and they want to find a way to help be on the farm, they have to come up with very innovative things.”

As a farmer and podcast host, I'm always eager to learn from experts in our field. Recently, I had the pleasure of catching up with my college friend Ben Brown, now an agricultural economist at the University of Missouri. Our chat was filled with valuable insights about the current state of farming and what the future might hold for us.

Ben and I go way back to our days at Kansas State University. Now, he's doing important work that affects all of us in agriculture. He studies things like crop insurance, government farm programs, and how farmers can make smart financial decisions.

The Ups and Downs of Farming Today

We started by talking about the challenges many farmers are facing right now. Ben explained that we're in a time where crop prices are lower, but the costs of running a farm haven't dropped as much. This is putting a squeeze on many farmers, especially younger ones who are just starting out.

But here's the thing – Ben says this isn't new. Farming has always had its ups and downs. He reminded me of something one of our college professors said years ago: it's always tough for young farmers to get started during times like these. But that doesn't mean it's impossible.

Getting Creative in Agriculture

What really got me excited was hearing about how farmers, especially younger ones, are finding new ways to succeed. They're not just sticking to traditional crops and methods. Instead, they're exploring niche markets, trying out specialty crops, and selling directly to consumers.

As a mom and a farmer myself, I know how important it is to be creative and adaptable. Ben shared stories of his students starting all sorts of unique businesses – from earthmoving companies to popcorn farms, and even raising llamas for wool!

The Changing Face of Farm Policy

We also talked about farm policy, which can seem pretty complicated sometimes. Ben pointed out that many of the policies that affect us as farmers are changing. They're not just about the farm bill anymore. Now, we need to pay attention to things like trade agreements, environmental regulations, and even tax laws.

This might sound overwhelming, but Ben had some great advice. He said it's important for farmers to stay informed and to think about how these changes might affect our businesses. It's not about predicting the future, but about being ready to adapt when things change.

Building Skills for Success

So, what can we do to set ourselves up for success? Ben highlighted two key areas:

1. Understanding finances: Being able to create and understand financial statements is crucial. It helps us make smart decisions about our farms and families.
2. Building partnerships: As farming becomes more connected, it's important to build good relationships – not just with our neighbors, but with everyone in the agriculture industry.

As a mother and farmer, I know how important these skills are. They help us provide for our families and build businesses that can last for generations.

Looking to the Future

What struck me most about our conversation was Ben's optimism. Yes, farming is changing, but that also means there are new opportunities. Whether it's using new technologies, exploring different crops, or finding innovative ways to market our products, there are always possibilities for those willing to adapt and work hard.

For those of us balancing family life with running a farm, this message is especially important. We're not just working for ourselves – we're building a future for our children and our communities.

Ben's parting advice really stuck with me: "Stay committed in the tough times, and stay disciplined in the good times." As farmers, parents, and entrepreneurs, that's a motto we can all live by.

If you want to learn more from Ben, you can find his work through the University of Missouri's extension website or follow him on social media. He even does a weekly video about grain marketing that's free for anyone to watch.

Remember, fellow farmers and ranchers, we're all in this together. By staying informed, being creative, and supporting each other, we can face whatever challenges come our way. Here's to growing strong farms and even stronger families!

If you want to connect with Ben, check out his Twitter or visit his University of Missouri staff page to read his publications.

If you would like to support the podcast or be a part of the conversation join the Farming On Purpose Facebook group and visit the Farming on Purpose merch page.

Check out our favorite software tool for clients and our website!

Thrivecart is a software tool you can use to design online checkouts with every option you can dream up. You can sell physical and digital products, connect to loads of other softwares you use for your website, accepting payments, email marketing, and more. This is the most powerful tool I use and the lowest cost one. I recommend it for anyone who accepts online payments who wants to increase their revenue or average order value.

ThriveCart Link: https://backpocketsocial--checkout.thrivecart.com/thrivecart-standard-account/

I may earn affiliate commissions from links on this page.

You might also enjoy...

#14 Time vs. Money and Opportunity Cost on the Farm

#53 Ranching with an Eye on Financial Feasibility

#73 Income Streams, Marketing Beef, and Taking the Leap with Rancher Jess

About the Host of Farming On Purpose, Lexi Wright:

I’m your host, Lexi Wright. I started the Farming on Purpose Podcast from a passion for sharing the future of production agriculture.

I’m so glad you’re here and I hope you’ll take a moment to join the conversation with me and other listeners on social media.

Connect with me on Instagram, Facebook, and TikTok.