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 the Western Slope of Colorado. Commissioned
by the Business Incubator Center, the study indicates that agriculture contributes approximately $720 million to the regional economy and accounts for $107 million in labor income. The research, which covers five counties—Mesa, Delta, Montrose, Garfield, and Rio Blanco—also highlights a succession issue within the industry. It notes a decline in total farmland by 15-30% since 2002 and an aging producer demographic, with 35-44% of producers over 65 years old and only 8% under 35. The study aims to inform policy and action points by combining economic contributions, a survey of agricultural producers, and an agricultural census.
Why It's Important?
The findings of this study underscore the critical role agriculture plays in the Western Slope's economy, providing nearly 5% of all jobs in the region. The aging demographic of producers and the reduction in farmland pose significant challenges for the future sustainability of the industry. Addressing these issues is vital for maintaining the economic stability and cultural heritage of the region. The study's insights could guide policymakers and stakeholders in developing strategies to support younger generations entering the agriculture sector and preserving farmland. This is crucial not only for economic reasons but also for maintaining the landscapes and cultural legacy that define the region.
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 discussions on the future of agriculture in the region. These presentations are scheduled for January 29 in Rifle and January 30 in Montrose. The outcomes of these meetings could influence future policy decisions and community initiatives aimed at addressing the succession problem and supporting the agriculture industry. Engaging local producers and stakeholders in these discussions is a critical step towards developing actionable solutions to the challenges identified in the study.
