There's a common thread among farmers who have remained successful in the current downturn, and it's something all farmers have control over...it's their decision-making. A major key to success is making the right choices with the right information, staying ever-cognizant of how those decisions will impact the operation's finances and ultimate goals.
It takes an incredible level of dedication not only to farming - but also to the business of farming - to be able to thrive in this ag economy. It's about always knowing the farm's financials and keeping its long-term goals at the forefront at all times, through every decision.
Water Street Solutions CEO Darren Frye discusses this in his new Finance First blog post over at FarmFutures.com.