Given the large difference in prices received and projected net return prospects, it is not surprising to find a large difference in producer sentiment between crop and livestock producers. In contrast to producer sentiment, farm growth and transition plans are similar among crop and livestock producers. Approximately 50% of respondents plan to grow in the next five years, and approximately 36% of respondents plan to bring another family member into the business in the next five years.
Producer Sentiment, Farm Growth, and Transition Planning
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