The rapid run-up in land values caused farmland values to hit historic levels during the past two years. The dynamics are starting to shift, as input prices, interest rates and commodity prices are eating into outlooks.
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 ask these questions.
The economic environment we're in today is very similar to the 1970s and into the mid-1980s, says Bill Biedermann, a commodity markets adviser. During that time many farmers went broke and, in the process, learned these two lessons.
The leadership team at Steinert Farms in Oklahoma is comprised of “numbers people” who are always working to find the balance of analysis and action. Learn how they collect and analyze financial data to aid in their decisions.
Profitable farmers create financial habits that separate them from others. These habits, consistently applied through the years, add up, and the results are evident.
