With a farm family's average annual cost of living at $47,000 and fewer than one-quarter of American farms bringing in more than $50,000 a year, not many families can afford to stay in business. As a result, retiring farmers are selling their land to developers rather than passing down the farm to their children, resulting in a rapid loss of acreage devoted to producing food.
Sunday, July 24, 2011
Funding challenges keep number of new farmers low
The San Francisco Chronicle reports: