The agricultural industry of Shanly steadily declined throughout the 1900s as family farm operations became increasingly inactive or unprofitable due to improving infrastructure. As of the 2000s, the community consisted mostly of residential properties and very few farms. Despite this a few farms are still active, some of which have maintained operations for over a century. The most notable farming operation still operating in the village is possibly the Holmestead Farm, a family farm operated by the seventh generation of the Holmes family. The Holmes' moved to Shanly around the 1850s and established the farm on their land shortly after. The farm is known for selling locally grown products to the area, grown without pesticides or chemicals. Holmestead Farm sells its commodities on location, which include grass-fed beef, pork, eggs, fresh produce and preserves.