West Michigan’s farmers will be wading through the confluence of negatives brought on last year ranging from extreme weather, volatile commodity prices and trade wars well into 2020.
News that the United States-Mexico-Canada Agreement appears to be headed toward ratification comes as a positive for farmers across the country and especially in Michigan.
Agricultural land values have remained relatively stable throughout most regions in Michigan, even though many farmers continue to face serious headwinds.
Michigan’s farmers and food processors are closely watching how talks of trade wars and retaliatory tariffs could affect the nearly $2.7 billion in exports they send to other countries.
Farmers’ increasing use of credit to finance operations has left some operators financially exposed during a volatile period for the industry.
When urban farming entered the mainstream thinking of community and economic developers, many prospective farmers envisioned a quick payday selling their products to high-end restaurants and other retailers.
Michigan’s largest agricultural lender views a $25,000 sponsorship and in-kind support pledged to Ottawa County’s Great Lakes Ag-Tech Incubator as a key part of its business.