More Strategies for Young People
This is a follow-up to last week’s article concerning tips for the younger generation. Since the first of the year, I have addressed 12 young and beginning farmer conferences with more than 1,000 people attending. I am noticing a turnover starting to occur in American and Canadian agriculture. Here are some more tips for getting young people involved.
- If you bring them into the operation, they should be prepared with a long-term plan, job description and training program. Get them involved in the whole business.
- Allow them to seek profitability and opportunity through diversification. More are looking at value-added opportunities, agri-entertainment ventures and being managers and owners of these businesses.
- Young people do not want to be clock watchers. They are very project-oriented, enjoy flexibility, within reason, and like to see completion of projects.
- Make them believe that they will not have to work all day, every day and feel guilty about wanting to leave work.
- Allow them to mentor with other successful producers or businesspeople. These new ideas can energize a business.
- Oil prices are $37 per barrel. If they stay above $36 for three to four months, there’s a good chance of a recession.
- We are experiencing a steel shortage caused by China. This does not bode well for the U.S. economy!
Editors' note: Dave Kohl, The Corn and Soybean Digest Trends Editor, is an ag economist at Virginia Tech. He recently completed a sabbatical working with the Royal Bank of Canada. He is now back at Virginia Tech with his academic appointment, which is teaching, extension, and applied research.
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