An official with a Great Lakes Farm Credit System says several tools have helped farmers manage another year farming in a tight farm economy.
“It’s not going to be a stellar year again for most of our cash crop producers, dairy producers continue to see some negative margins, but with all that said I think that we dodged any real severe crop disasters.”
GreenStone Farm Credit Services CEO Dave Armstrong says better risk management tools like crop insurance and forward contracting as well as conservative spending provides a buffer during times of low margins.
Continue reading Armstrong on 2017 farm economy at Brownfield Ag News.
Copyright © 2024 Indiana Farm Bureau®, Inc. is a member of the American Farm Bureau Federation®, a national organization of farmers and ranchers including Farm Bureau® organizations in 49 other states and Puerto Rico, and is responsible for Farm Bureau membership and programs within the State of Indiana.