Dec 22, 2016
“Overall, 2016 will be another down year, despite more record yields. USDA-ERS data indicates about a 15 percent drop in farm incomes,” said Steve Johnson, farm management specialist with Iowa State University. “As we enter the fourth year of depressed prices, successful farmers are watching their margins, paying attention to cash flow and cutting costs.”
Listen now to hear Johnson’s specific recommendations for managing costs, marketing your crops and “overcoming your financial emotions” to make better decisions for your operation.
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