President Vladimir Putin has expressed confidence that the growth in the country's agricultural sector will be no less than 4% by the end of the year.
Shortage in low-skilled farm workers threatens to double in 2025, worsening the already challenged agricultural sector. The growing labor gap in the sector was brought about by different factors that include globalization, physicality of work and aging work force, and the existing immigration policy.
CHS has warned crop growers regarding the approaching hurdle in the US agricultural economy. The net farm income across the US is expected to drop to $54.8 billion in 2016 owing to surplus production.