Kansas Agricultural Mediation Services

Tag: communication

Enduring the Down Cycle in Agriculture

Dr. David Kohl, Professor Emeritus in Agricultural and Applied Economics at Virginia Tech, gave a webinar in July 2016, entitled “The Good, Bad and Ugly of Agriculture and Agri-Lending”. Dr. Kohl listed four key areas producers need to pay attention to: 1) keep open lines of communication with spouse, partners, lenders, and agribusinesses; 2) “sweat the small stuff” as there is no silver bullet; 3) develop and use a team of advisors and keep education a top priority; 4) do a variance analysis or stress test with respect to projected vs. actual income and expenses. Continue reading “Enduring the Down Cycle in Agriculture”