Risk Management
More than 50% of farmers intend to grow their operation, based on responses in Purdue’s February 2023 Ag Economy Barometer. If you’re thinking about scaling your farm, it’s important to first ask these questions.
“A commitment to additional financial resources for the farm bill will help to transition our farm and food supplies away from ad hoc support,” the Committee members said in a letter.
A study released by Farm Bureau finds 86% of Americans are concerned about food insecurity, but their trust in farmers remains high at 89%.
A proactive plan allows you to be ready to sell when opportunities arise as well as leave the upside open for greater profitability.
Yes, basic insurance for the farm is pricey. But an umbrella policy is usually more palatable, and it could literally save your operation in the event of a wreck or other tragedy, says Purdue’s Fred Whitford.
When cash flows are tight and profit margins are difficult to achieve, any additional analysis can benefit your decision-making process.
Producers scale businesses by foregoing handshakes, formally farming together.
An oil price of $120 a ton could send the global economy into a major recession and fan inflation in the U.S., which Jim Wiesemeyer says is already in double digits for rural Americans.
Rise of ‘hobby farms’ means more untrained growers get maimed, killed
Operators who are always keeping the next season, plan or operation in mind tend to have more family time and work-life balance.