Strong ag economy creates challenges for beginning farmers

A strong ag economy has created challenges for beginning farmers.

Compeer Financial vice president of core markets Chris Fitzloff says high commodity prices have driven up costs for land and inputs.

“And these inflated prices have made it a little more difficult on the young farmers, or anyone looking to get into farming.”

He tells Brownfield livestock production is not as capital-intensive and can be a great way to begin farming.

“With the land values the way they are, we would suggest that they would do some livestock or some other farming enterprises just to get to a point where possibly the land might be a little bit more manageable to buy.”

Brownfield interviewed Fitzloff during the 2023 Minnesota Pork Congress in Mankato Tuesday.

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