National Ag News
Managing farms better when the farm economy is profitable
Jan 27, 2017, 16:10 PM
by
System
An ag lender says a tough farm economy forces farmers to be more meticulous with their on-farm management decisions.
But, Bill Watson, president of the agribusiness division for UMB Bank says it’s also important for farmers to continue those diligent management practices when the economy isn’t bad. “In 2014 we had tremendous prices – we saw people do silly things,” he says. “What they should have been doing then was taking some of that surplus cash and reducing leverage and even making some investments into improving efficiencies.”
He tells Brownfield farmers and ranchers often are better decision makers when economic times aren’t so great.
Continue reading Managing farms better when the farm economy is profitable at Brownfield Ag News.
