Under 35-year old farmers most positive about current farm financial performance
- Media Manager
- Feb 22, 2024
- 1 min read
Real Agriculture
Written By: Shaun Haney
Published: February 22nd, 2024
Photo Credit: Unsplash/CC0 Public Domain
When RealAgristudies surveyed farmers in January as part of the Canadian Farmer Sentiment Index, some very interesting trends developed, with notable changes happening over the last few months.
Today, we are going to look at the impact that age has on how farmers view their current farm financial performance:
In aggregate, famers said that their current farm financial performance is an 86 which indicates a decline in sentiment, a stark contrast from a year ago when it stood at 119 in January 2023 (the high for the year). This downward trend reflects a growing concern among farmers about their financial health, mirroring the challenges seen in crop budgeting.
Interestingly, age plays a crucial role in shaping these sentiments on current farm financial performance. Contrary to what some might expect, it’s the under-35 age group that reports feeling better about their current farm financial performance compared to a year ago. Specifically, 39 per cent of this younger demographic feels they are better off than a year ago, while only 17 per cent of those aged 55 and over share this optimism. Moreover, a significant portion of each age group reports their financial performance as unchanged, suggesting a level of stability amidst the overall decline.
