What's Happening?
A recent study conducted by Nathan Perry, an economics professor at Colorado Mesa University, reveals the significant economic impact of the agriculture industry on Colorado's Western Slope. Commissioned by the Business Incubator Center, the study examines
five counties: Mesa, Delta, Montrose, Garfield, and Rio Blanco. It finds that agriculture contributes approximately $720 million to the regional economy and accounts for $107 million in labor income. The study also highlights a succession issue, noting that 35-44% of producers are over 65, while only 8% are under 35. This demographic trend, coupled with a 15-30% reduction in farmland since 2002, poses challenges for the industry's future. The study aims to inform policy and action points to address these issues.
Why It's Important?
The findings underscore the critical role agriculture plays in the local economy, supporting nearly 5% of jobs in the region. The demographic challenges identified could have long-term implications for the sustainability of the industry, potentially affecting food production and economic stability. Addressing the succession problem is vital to ensure the continuity of agricultural practices and preserve the cultural and economic landscape of the Western Slope. The study's insights could guide policymakers and stakeholders in developing strategies to attract younger generations to agriculture and maintain the region's economic vitality.
What's Next?
The Business Incubator Center and Nathan Perry plan to present the study's findings to agricultural producers in two more counties, aiming to foster community engagement and discussion on potential solutions. These presentations are scheduled for January 29 in Rifle and January 30 in Montrose. The outcomes of these discussions could influence future policy decisions and initiatives designed to support the agricultural sector and address the identified challenges.
