Agricultural Economics Department
Date of this Version
3-18-2025
Document Type
Article
Citation
Cite this work:
Meyer, A. “Balancing Old Wisdom with New Ideas on the Farm.” CAP Series 25-0302, Center for Agricultural Profitability, University of Nebraska-Lincoln, March 18, 2025. DOI: 10.32873/unl.dc.cap062.
Abstract
Older generations often bring decades of experience and a deep understanding of the farm’s operations, land, and financial history. Their decisions are often rooted in practicality and a desire for stability, shaped by years of navigating volatile markets, weather uncertainties, and tight profit margins. For many older farmers, “tried-and-true” practices represent security, and any major changes to these routines can feel risky or unnecessary.
In contrast, younger generations entering farm management are frequently exposed to modern farming methods, technological advancements, and practices through education and external experiences. They may want to implement precision agriculture tools, diversify income streams, or adopt regenerative practices to address environmental concerns or increase profitability. While their enthusiasm and innovative ideas can inject fresh energy into the farm, these changes can sometimes be seen by older family members as a challenge to their authority or as risky ventures that disrupt the farm's proven systems.
