Farming Boom or Bust in the Decade Ahead? How to Manage Price Cycles
Create best practices for good and bad times
Commodity cycles bring opportunities and challenges. Just look at the charts to see how the past decade has played out for ROI in corn and soybeans.
As we look ahead, here is what I have seen the best operations do in good and challenging years:
1. Take time to work on and not just in the business. Every job is essential, but should you do the $30 per hour or $300 per hour jobs in your operation? There are some tasks and duties only you can do for the business. Working in the shop or cleaning equipment might not be one of them, even though those are important responsibilities.
By SHAY FOULK
March 29, 2023