All I can say is do not be surprised if unsavory alternatives arise because the dynamics of demand have changed. It goes back to my earlier premise in that everybody who is a producer wants the world to operate like it did 40 or 50 years ago other than the producer themselves who desire unlimited production and unlimited size. I know guys here are taking this as coffee shop talk and nothing more but this is a looming problem in the next 20-30 years. Buying a quart of milk at the corner convenience store is a mentality that has disappeared with a lot of consumers so don't be surprised at some point when the letter comes from the milk plant or co-op saying they don't need your milk. If enough processors do not need milk or other commodities due to shifting or declining demand then that will have an effect on your property in terms of value as there will be fewer buyers for it as they can not make a return with assets valued as they are at present. Your retirement may not be as you envisioned it.
What can we do about it being easier to enter the business for young people? As the system exists at present not much. I know it won't sit well with the generation at retirement's doorstep but asset prices have to come back in line to where a mid-sized farmer can service debt and take care of their family. We can talk about economic efficiency and so forth but at some point we have to look past economics towards basic freedoms for one thing. Having the food supply concentrated in the hands of a tiny few is how the royals maintained power in feudal Europe. It may not go to that extreme in 100 years from now but if a person lived another 100 years from today they might see very little resemblance to the industry as it exists today.
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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