Sep 17, 2014
Home| Tools| Events| Blogs| Discussions| Sign UpLogin

Editor’s Notebook: Words of Wisdom For All of Us in Ag

February 12, 2014
By: Charlene Finck, Farm Journal Editor
 
 
Charlene

It’s winter meeting season, and I just spent a week at our Top Producer conferences in Chicago. As I listened to some of the best minds in agriculture, I was wishing that everyone in ag could hear the words of wisdom being shared.

The reality that underpinned virtually all of the presentations: margins for row-crop farmers will squeeze tighter in 2014, as livestock producers breathe a sigh of relief. From my pages of notes, I selected a few nuggets to pass along.

These first five are from Moe Russell, Farm Journal columnist and long-time business consultant for farmers:

  • "The future has a way of arriving unannounced."
  • "Cycles will always occur in agriculture; you just have to manage them and bulletproof your balance sheet."
  • "Refinance real estate and machinery debt to free up cash and take advantage of 50-year lows in interest rates—but do it now."
  • "When you abuse interpersonal relationships, you don’t get what you want. You get what you deserve."
  • "Concentrate on your strengths. ... If you work on your weaknesses your whole lifetime, you’ll die with stronger weaknesses."


From Terry Barr, economist, CoBank’s Knowledge Exchange Division:

  • "The farm bill regulations will be very complex and important this time ... and you’ll have to live with your choices for five years."


From Michael Boehlje, Purdue University economist:

  • "We can’t accurately predict the future, so position for the uncertainty."
  • "Uncertainly creates risk, but it also creates opportunities. Be ready for it."


100 Ideas charlene sign

Editor
cfinck@farmjournal.com

See Comments

FEATURED IN: Farm Journal - Mid-February 2014
RELATED TOPICS: Events, Editor's Notebook

 
Log In or Sign Up to comment

COMMENTS

No comments have been posted



Name:

Comments:

Hot Links & Cool Tools

    •  
    •  
    •  
    •  
    •  
    •  

facebook twitter youtube View More>>
 
 
 
 
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions