With record high prices being set daily for farmland, and reports from the news media about the riches in agriculture because of high commodity prices, pressure is mounting on family members operating farms. A case in point was a situation at a recentseminar in the upper Midwest. The parents were being pressured by their off-farm children to raise the rent on the two family members operating the family farm. In this case, they felt that $300/acre was low given reported commodity prices. This situation is being played out in many regions of the country, potentially breaking up family relationships. The off-farm siblings have it all wrong, focusing on the prices received. This superficial analysis fails to examine the input costs and the risk and volatility in farming today.
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