It’s no secret that commodity prices are down significantly, impacted drastically by the global agriculture economy. Ag economists are predicting that this won’t change any time soon and the solution seems clear – tighten your belt, put the horses in the barn and plan to weather the storm.
The landscape of agriculture and land investment continues to buzz with risk management. Farming is a tough business and those that are successful deserve recognition for making it with their own two hands. If retirement is on your mind or your family is no longer involved in farming, consider the security of the income and inheritance provided by the well-deserved returns of your hard work and investment into farmland. Balancing risk vs. reward takes gumption; inevitably there will come a time for tough decisions that could mean the difference in plowing ahead or resting your hat on a hook.