Prepare to make land decisions this winter

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Decisions on adding land can come up quickly on us and we can quite unexpectedly need to resolve ourselves on a course of action very fast. If you're not prepared, it can be tough to determine what your operation can handle in additional cash rent or land payments or whether an addition even fits financially with your farm.

Many of the farms we've dealt with have found that a feasibility study is an extremely helpful—and indeed vital—first step to determining how additional acres can potentially fit into the operation from a standpoint of working capital, equity and other key financial metrics. Water Street Solutions Account Manager Lance Burditt explains to ag broadcaster Dewey Nelson.