Record Profits No Job Creator on Farms as Owners Automate – Bloomberg 01-29-13

Salient to Investors:

These are boom times for farming and a bust for farm jobs. The Bureau of Labor Statistics said farmers, ranchers and other agricultural managers will see the steepest decline of any employment category by 2020.

David Anderson at Texas A&M said one-quarter of farms have sales under $100,000 annually and don’t need a full-time manager, while larger farms are more easily overseen by one person.

Kristi Boswell at the American Farm Bureau Federation said greater farm prosperity will increase the trend toward more automation and fewer managers, while ever-larger farms need fewer people.

Read the full article at http://www.bloomberg.com/news/2013-01-30/record-profits-no-job-creator-on-farms-as-owners-automate.html

 

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