Trouble on the farm: ‘We face a grim future’
May 20, 2013
Jim Schriver has been farming since he graduated from Ohio State University in 1963. The 72-year-old grandfather of two grows corn, soybeans and livestock on his 1,600-acre farm in north central Indiana.
Like most farmers, Schriver has dealt with drought, freezing temperatures and the uncertainty that comes with toiling in the fields.
But Schriver says he’s worried about a new threat to his livelihood—the real possibility that the U.S. agriculture industry could suffer a crippling economic bust after years of unprecedented boom.
“I think we have to be worried about this in a big way,” said Schriver. “We face lower incomes, inflated land values and rising costs to farming. We have plenty of reasons to be worried.”