The current downturn in commodity prices has convinced many producers to take a closer look at their financial situation and make adjustments to better navigate the road ahead.
Kansas Agricultural Mediation Services has proudly supported producers for 28 years by providing agricultural financial counseling at reasonable rates through the mediation process. These services are delivered by K-State Research and Extension’s team of farm financial analysts. Each analyst has direct experience working in agriculture, whether through their own farm or ranch or by routinely working with producers through Extension programming.
Over the past several months the demand for on farm consultations has increased significantly. In preparation, K-State Research and Extension has trained additional farm analysts to utilize farm records and a computer software called FinPack™ to formulate business goals and a cash flow plan. Agricultural financial counseling benefits producers and their lenders as they research and explore new ideas. It helps them to carefully consider important questions that are key to a successful business, including:
- What is our current financial situation?
- How can we prepare for the future?
- Are there alternative approaches for operating?
- Is restructuring an option?
Farm analysts work with operations of all sizes and modes of production. They travel directly to the producer’s home, providing private and confidential financial counseling. To schedule a visit or find out more about farm financial analysis, call Kansas Agricultural Mediation Services at 800-321-3276.