Farmers are feeling the crunch of more challenging times with tight grain margins and high input costs. Faced with many difficult decisions entering this growing season, the tide has turned to a time when decisions are more critical to a farm’s survival and growth.
On Wednesday, March 2 at 1:00 p.m., the Iowa Farm Bureau Federation (IFBF) has organized a webinar that will look at income and cost trends with a focus on tactics to manage through challenging financial times. The webinar will address several integral questions facing farmers in 2016: Who are the most vulnerable producers? What can you do to make the transition to the new cost/revenue realities? How do you compare to your neighbors? What is your lender looking for? And many more questions that are top of mind for farmers today.
“As record-profit years are in the rear-view mirror for most farmers during this time of extremely tight margins, understanding the trends and tools to keep the farm operating in the black have never been more important,” said IFBF Commodity Services Manager Ed Kordick. “We look forward to sharing sound farm financial management ideas and insight during this critical time for farmers.”
IFBF’s new webinar focused on farm operation survival during difficult times will feature Bob Craven, director of the Center for Farm Financial Management at the University of Minnesota. Craven will provide insight into using the effective tools for farm financial management when margins are tight.
Farmers can access the webinar by going to www.iowafarmbureau.com, clicking on the webinar banner and entering the forum as a guest on the day of the event. Pre-registration is not required for online viewing, but attendees are encouraged to test their computer’s ability to participate prior to the webinar.
For more information, contact Kordick at firstname.lastname@example.org.