This winter a lot of producers are looking at opportunities to invest in something to potentially improve their farming operation, whether it's adding storage, building a new shop, updating equipment, adding a side business, changing to a flex rent lease, or any number of things. It's important to recognize not only whether that opportunity is a "good deal" at face value, but also how it's going to affect your operation going forward. Even though something appears to be a good deal, it might not be the right decision for your farm right now.
Our advisors at Water Street Solutions are well-versed in performing just this sort of financial analysis. Learn about the questions they ask to explore the feasibility and financial impact of new opportunities in the present and going forward, as Jason Ladman explains to ag broadcaster Dewey Nelson.