"In the dog race of farming, if you’re not the lead dog, the view’s all the same," says Moe Russell, president of Russell Consulting.
The key for young farmers, Russell says, is to bulletproof your balance sheet. “If you have strong working capital, you’ll be in a great position to catapult ahead of competitors in hard times.”
Opportunities abound in agriculture, but with those opportunities come challenges. "To best manage your bottom line for the long term, you need to anticipate problems," Russell says. One way of making sure you'll be ready to ride out economic volatility is by analyzing your debt and building as much working capital as possible.
Russell, who has spent more than 30 years advising farmers on the business of farming, will share other insights at the Tomorrow’s Top Producer conference, June 16-17 in Nashville. His session, “Best Financial Practices for Young Top Producers,” will draw on his years of experience working with farmers across the country, as well as his own farming experience.
Read more of Russell’s advice: Make Best Practices A Top Priority
See the full agenda for the 2016 Tomorrow’s Top Producer conference.
Now in its eight year, Tomorrow's Top Producer continues to feature dynamic keynote speakers and educational breakout sessions, as well as a networking opportunities.
As we transition the next generation of farm managers and owners, the need to provide education to early-career farmers on best business practices has never been greater. Top Producer is proud to offer this national event dedicated exclusively to young farmers and ranchers
Tomorrow's Top Producer
June 16-17 at the Gaylord Opryland Resort in Nashville
A comprehensive lineup of farm business experts will share insights, analysis and best practices critical to young farmers during the first-ever two-day Tomorrow’s Top Producer conference.
Here's what last year's attendees had to say about the event...
"Thank you so much. This seminar not only helped my farm but has taught me better communication skills to have with my family."
"Insightful for young grain farmers, but also very useful for farm managers."
“Excellent sessions with focus on becoming a better manager of the farming operation.”
Learn more and register at www.TomorrowsTopProducer.com