Micheal Forsythe, UK Extension Farm Management Specialist with the Pennyroyal Farm Business Analysis Association wrote the following article about positioning to survive this period of low prices.
Grain farm cash flow will be extremely tight in the upcoming year. This will require everyone to take a close look at their management practices and what can be done to improve profitability and cash flow. In doing so, there are several options a farmer can consider in determining what decisions they need to make to improve their operation.