Between 2004 and 2014, employment in the agriculture, forestry, and fishing industries is expected to decline by 11 percent, due to increasing imports and low prices. Farmers are expected to go out of business due to low prices on agricultural goods, especially self-employed farmers and their families. However, some good news is that organic farming “is one of the fastest-growing segments of U.S. agriculture,” reaching $14 billion in food sales in 2005.
Also, over the past 15 years, the number of farmers under the age of 35 has dramatically decreased. Half of all current farmers are expected to retire in the next decade. The number of entry level farmers replacing older generations has fallen at least 30% since 1987, which means that there will be a smaller number of farmers in coming years, which will obviously negatively impact the industry.
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