Farming, as we all well know, is a uniquely challenging profession. For millennia, farmers have had to find creative solutions to a variety of ecological challenges. Because of this, they’ve become incredibly adaptable individuals over the years.
However, at the same time, the same age-old obstacles continue to remain an issue for many modern farmers. On top of this, new challenges have arisen in recent years due to changes in the climate and global economy.
In fact, farming communities today might be facing some of their greatest challenges yet. This article will highlight some of those challenges. Additionally, we’ll also walk you through how farm loans may be able to help.
Farming Today – A Time Like No Other
Throughout recorded history, there has never been a time when farmers had absolutely no worries on their plate. Sure, there have been good times and lean times, just as there are today. But even when the crops and animals were healthy, there was always the risk of flooding, drought, pestilence, or war.
Of course, farmers are still faced with those perennial risks today. But this moment in history is, in many respects, unique. For one thing, modern farmers are not only faced with environmental challenges, but economic ones as well. For another, we’re living through an unprecedented public health emergency that’s transforming virtually every facet of our society.
Top 10 Issues for Farmers in 2020
To gain a clearer perspective of the scale of challenge, here are ten issues that are currently facing modern farmers:
- Climate change.
- The ongoing trade war between the United States and China.
- Rapidly depleting reserves of freshwater around the world.
- The looming food crisis.
- Economic insecurity in the United States.
- Ongoing closures of food processing facilities and local businesses due to the COVID-19 pandemic.
- Depletion of natural resources due to widespread industrial agricultural practices.
- High rates of food waste, which threaten to intensify food insecurity around the globe.
- Disruptions in trade networks and fluctuations in global demand for agricultural products.
- Economic strife and crippling debt for individual farmers.
Secure a Farm Loan to Protect Your Financial Future
Yes, the modern farming community is currently faced with some unprecedented challenges. But farmers have always been survivors – and those of us who farm today are no exception.
If you’re concerned about your farm’s financial future, you are by no means alone. MSF Agriculture is here to help and support you. We’ll pair you with a farm loan option that will protect your property’s financial future. Though our current challenges are great, we believe the spirit of the American farmer is up to the task.
Apply for a Farm Loan Today
Are you interested in learning more about the benefits of securing a farm loan? If so, contact us today! Our lending experts will help you find a farm loan that’s right for your needs.