Success StoryFarm Financial Stress Materials



Farm Financial Stress Materials

Author: Kenneth Burdine

Planning Unit: Agr Economics

Major Program: Farm Management

Outcome: Long-Term Outcome

Agricultural producers continue to deal with challenges related to farm financial stress.  The department of Agricultural Economics held feedback / discussion sessions with extension agents and agricultural lenders during fall and winter of 2018/2019.  It was determined that a set of resources was needed for farmers as they consider their options during this time and for agents and lenders as they work through these options with their clientele.  For this reason, the agricultural economics department developed a publication entitled, “Resources Available to Farmers Struggling with Farm Financial Stress”.  The publication was sent directly to extension ANR agents, commodity organizations, and to major agricultural lending institutions.  It was also shared through an Ag Communications press release, the Economic and Policy Update, and numerous social media outlets.  Contributors included Jonathan Shepherd, Jordan Shockley, Todd Davis, Greg Halich, Alison Davis, Steve Isaacs, Jerry Pierce, Sarah Bowker, and Kenny Burdine.

Topics included:

  1. Financials statements and key financial performance measures
  2. FSA loan programs
  3. Tax implications from discontinuing an operation
  4. Bankruptcy and debt reorganization
  5. Transitioning to non-farm employment
  6. Managing stress and mental health





Stories by Kenneth Burdine


Cattle Market Reports via Social Media with Kentucky Cattleman's Association

about 6 years ago by Kenneth Burdine

Cattle Market Reports via Social Median with Kentucky Cattlemans AssociationAs an Extension Economis... Read More


Changes to MPP-Dairy Program for 2018

about 6 years ago by Kenneth Burdine

The Margin Protection Program for Dairy producers (MPP-Dairy) was established as part of the 2014 Fa... Read More


Stories by Agr Economics


New Marketing Curriculum for Commercial Horticulture Producers

New Marketing Curriculum for Commercial Horticulture Producers

about 6 years ago by Brett Wolff

In 2017, I led the development of a successful $50,000 grant proposal to the Specialty Crop Block Gr... Read More


Marketing Management

about 6 years ago by Jennifer Rogers

I work with a farm that is going through bankruptcy. Every year we have to submit a plan to the bank... Read More