Success looks different from farm to farm. For some, it means adding more acreage, increasing revenues and improving margins. For others, it means optimizing operations or even improving the owner’s quality of life.
The most powerful weapon you have for weathering tough times walked into your office, barn or field today. He or she fed your livestock, tended your crops, tapped on a keyboard or got that piece of machinery running.
I’ve written several columns about preparing for the loan-renewal process and providing your lender with the right information to improve your borrowing chances. But exactly what information should you supply?
Keeping your operation afloat hasn’t been this difficult for a long time. Sustained low commodity prices, trade uncertainty and inadequate tariff relief will demand changes from you if you’re going to survive.