National Ag News
Managing debt key to long-term viability
Feb 17, 2017, 17:39 PM
by
System
A grain market analyst says how farmers manage debt is often indicative of the long-term viability of their operation.
Al Kluis is president of Kluis Commodities in Wayzata, Minnesota.
“There’s an old saying that most people take on debt in the good times and try to pay it off in the bad times. And I think if you can plan ahead to try and not be in that position, your farm is going to do better over the next 20 to 30 years.”
He tells Brownfield many farmers are trying to pay off debt while profit margins remain down.
Continue reading Managing debt key to long-term viability at Brownfield Ag News.
