Extension
It Starts With Us
| 1081 - Farm Management | ||
|---|---|---|
| 1081.1) | 0 |
Number of producers/landowners willing to make a change to their leasing strategy |
| 1081.2) | 0 |
Number of producers/landowners who better understand land leasing options (including advantages/disadvantages of each) |
| 1081.3) | 38 |
Number of producers who are comfortable using financial principles in their operations |
| 1081.4) | 34 |
Number of producers willing to adopt improved soil health/quality practices to improve profitability due to extension programming efforts |
| 1081.5) | 8 |
Number of producers reporting improved machinery management through Extension programming efforts |
| 1081.6) | 38 |
Number of producers who gained knowledge of farm profitability for their enterprise(s) from Extension programming |
| 1081.7) | 38 |
Number of producers reporting increased profits and/or reduced risk due to farm management strategies learned through Extension programs |
Author: Clinton Hardy
Major Program: Farm Management
Commodity grain producers and landowners have endured five years of paradigm shift adjusting to lower commodity prices and subsequent revenue in 2019 and foreseeable future. Assets and debt acquired during the dramatic climb in revenues between 2008 and 2014 have become an obstacle for many farm businesses to overcome. With no substantial increase in revenue predicted for the next ten years according to the USDA, some businesses face the risk of depleting equity in order to cash flow
