The past few years have been tremendous for those involved in agriculture. For 2011, USDA’s Economic Research Service projected farmers to net $100.9 billion in farm income. That’s up almost 30% from 2010.
Moe Russell, Farm Journal columnist, says agricultural prices follow cycles. So, what goes up must come down.
Russell says farmers can prepare their businesses to not only survive in these tough times, but also thrive.
He explains how to analyze and improve your balance sheet to handle any economic climate.
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