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Dow closes 600 points lower as rising Treasury yields and oil prices pressure stocks: Live updates CNBCStock Market Today: Dow Opens Lower, Oil Ticks Higher After Mideast Fighting, Stock Futures Mixed — Live Updates WSJStock market today: Dow ends 619 points lower, Nasdaq drops and S&P 500 snaps 9-day win streak as tech wobbles, oil climbs to highest level in more than a week MarketWatchStock Market Today: Dow Drops 620 Points After Iran War Jitters; Broadcom Hits Highs Investor's Business Daily
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Trump to impose tariffs on dozens of nations, citing claims of forced labor The Washington PostTrump is quietly rebuilding his tariff engine CNNUS announces new tariffs over forced labour concerns BBCU.S. proposes fresh tariffs on 60 economies over forced labor trade practices CNBCTru
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Many farmers are facing a critical retirement decision. The traditions of yesterday are often changing, and their children may no longer want to follow in their parents' footsteps. The challenges are many. However, there are options available.
In 1971, I began my farming career at the tender age of 9 in the Skagit Valley, 60 miles north of Seattle. Crop farming was my gig; rouging spinach, sorting tulips, picking strawberries, raspberries and cucumbers alongside the migrant workers from Mexico. When I was old enough, I was driving picking machines with a dozen kids lying on boards over a conveyor belt, or driving an open tractor pulling a green pea combine while traveling about 1 mile in four hours.
SEE MORE Keeping Property in the Family with LLCs and Partnerships
Today, at the age of 59, I realize that I've been preparing this article for 50 years. During 12-hour shifts on the open tractor, it rained, often. My family could not afford proper rain gear, so a plastic lawn bag with holes punched out for my head and arms provided quite well. Working six of these shifts every seven days gives a teenager time to reflect. That's when I decided farming was very hard and I wanted an easy office job someday!
Challenges for Farmers Today
A huge debt of gratitude is owed to the men and women who feed the world. You face unprecedented challenges:
Mother NatureInconsistent commodity prices
Lack of access to labor
Global competition with lower costs of operations
Lack of resources to compete with larger corporate farming technology
Next-generation (family) choosing a different career path
You are at an age where you need to slow down or retire completely
Potential income tax law changes
Inheritance and estat
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