Half of the farmers surveyed by Purdue University said plant-based proteins could hold up to 10% of the meat market in five years and some expected the share to be much larger. Most of the respondents to the Ag Economy Barometer poll said they would not grow crops for processing into a meat alternative, even if they were offered a contract, said Purdue on Tuesday. And the same portion, just above 60%, said there would be a damaging decline in U.S. farm income if plant-based meats reached a 25% market share.
Source: Farmers expect rapid growth for plant-based meats, but don’t like it | Successful Farming