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Cultivating the Next Generation in Agriculture

The truth is we all must eat to survive. Without proper nutrition, we don’t learn, advance or contribute to society. With the world’s population expected to reach 8.5 billion by 2030, the agricultural industry therefore has a significant responsibility to supply this demand. It also has the opportunity to grow its economic importance as it expands to feed a growing global community. Today, the agriculture industry is a vital driver of the Canadian economy, contributing over $122 billion dollars each year to the national GDP.
 
However, the agricultural industry faces challenges in properly harnessing this growth, and risks missing out on millions of dollars in potential lost sales. The Canadian Agricultural Human Resource Council attributes this risk to an aging agricultural workforce, a reality further compounded by the 600 fewer youth entering the sector each year. The number of unfilled positions in agriculture is expected to climb as high as 123,000 within the next decade, leaving a talent gap that risks further hindering the industry’s ability to maintain its economic strength.
 
It is therefore vital that producers and industry stakeholders work to inspire the next generation to embark on agricultural careers. By investing in educational and community-based initiatives, Bayer wants to inspire and excite youth by showcasing the wealth of opportunities in the sector, both on and off the farm.
Source : cropscience.bayer

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U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again


The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!