Supply chain issues and shortages have had a ripple effect throughout the entire economy. Kernmantle Group owner Matt Robberts sees one of agriculture’s biggest challenges being with labor. This is due, in part, to early retirements. “2020 was the mid-point for baby-boomers to hit the retirement age and we’ve been losing about a million boomers a year to retirement. Gen Z, who is currently entering the workforce is a much smaller generation. The workforce is essentially declining in size. With COVID, we saw an increase in 3.5 million to 5 million early retirements. To compensate for this, I think we’re going to be seeing a lot more situations where the industry substitutes capital for labor.”
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