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Economic Impact
Timeline
The
Past
The
Present
The
Future
The
People
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"Great
changes have taken place in North Dakota's agriculture since
World War II. Available information indicates that great changes
will continue to come about in our agricultural industry of
the future, changes which will have far reaching effects on
all sectors. Economic forces resulting from changes in agricultural
technology have encouraged the decline in the number of farms,
the increase in the size of farms, and the greater leisure
and mobility of farm people, along with rising levels of living.
"
North
Dakota Agriculture Since World War II, Fred R. Taylor, 1967
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The view
of the future of agriculture in 1967
What Does
the Future Hold for Us?
North Dakota Agriculture
Since World War II, Fred R. Taylor, 1967 (Reprinted with permission
of the North Dakota State Historical Society, Vol. 34, No. 1, Winter
1967)
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Modern
agriculture will require a higher degree of technical and managerial
skills than many now possess. Rural youth will need to couple
their knowledge of farming with collegiate professional training.
If they do this they will find that agribusiness which employes
38 percent of our labor force offers great opportunities for advancement.
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Farm
size will continue to grow with decreases in the number of farms.
Each year our farms becom bigger businesses and will require increasing
use of good business management and knowhow.
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Tomorrow's
farm will produce enough food and fiber to support four to five
times as many people as the farm of today.
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Farms
of tomorrow will become more specialized in the production of
only one or two items, possibly with at least partially controlled
climate and moisture.
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They
will be integrated with processing and consumption and will be
completely and highly mechanized.
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Tomorrow's
farms will be large business operations with hired managers, complete
farm accounts, and large capital needs, which may be met by borrowing
through the sale of stocks and bonds like any other business.
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