The Third Exodus: Family Farms Face Another Reckoning

The Third Exodus: Family Farms Face Another Reckoning, updated 7/7/25, 11:20 PM

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During the 1930s, over 750,000 family farms were abandoned. Fifty years later, a second wave of farm closures spread across the Midwest. Now, another fifty years later, the massive shuttering of family farms is about to repeat.

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The Decimation of Family Farms: A Historical
Perspective
Disruptive innovation has impacted every business
sector, including agriculture, known for its stability in
providing sustenance.
Agriculture has faced two major
crises--The 1930s and the 1980s.
Insights On Innovation offers resources on farming history and the rise of BigAg
companies
In the 1920s, power farming emerged with
motorized machines revolutionizing the industry
The 1970s saw disruption with the introduction of
chemical inputs in industrial farming, derived from
Vietnam War technology.
Today overproduction of commodity crops is driving prices to lows not seen since the 1980s.

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