This week at Top Producer seminar Chris Barron of Carson Barron farms and the blogger behind Ask a Margins Expert, took a minute to share some key ways that farmers can manage their profitability in today’s marketing environment.
Barron says that farmers need to consider cost of production, yields and prices when managing their margins and predicting profitability.
“One of the things that we focus on primarily as producers is price, and it is important but so is yield and input cost,” he says.
Barron says that in the future producers need to get a handle on the tools they can keep at their fingertips that will help manage margins and overall profitability.
