A study released Wednesday by the U.S. Agriculture Department into the disparity between cattle prices paid to ranchers and the higher prices earned by meat processors offers more details about the factors that have led to the situation.
A recent Agricultural report says the largest group of ranchers are between the ages of 55 to 65 and some fall in the age range of 65 to 75.
Now the question is, what does this mean for the future of agriculture.
South Dakota farmers are still looking for buyers. Many are still in a rut despite President Trump signing a new Farm Bill into law and easing tensions with China, because they want a permanent deal with the Chinese for stability.
South Dakota cattle producers are in Washington this week with concerns over food labeling. They say with new technologies in meat production, they are worried what that will mean for their product. They say they are concerned consumers could be misled. Another concern may lie in the bottom line.
Some South Dakota agriculture producers are scrambling for answers regarding the Trump administration’s trade policies. With the White House and Beijing swapping tariff blows, South Dakota’s Farm Bureau president is in Washington discussing what he sees in the fields.