Make projections early, update often for best results

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Planting season can be a difficult, anxious time. Every farmer wonders how their year is going to turn out, and it all begins before the crop is even in the ground. Solidifying financial projections for the year can help alleviate some of that anxiety—and the earlier, the better. Once you have a reasonable projection assembled, you are in possession of a malleable roadmap which can guide you through the crop year—helping you stay on course by making adjustments and taking detours as roadblocks pop up throughout the season.

In his Finance First column, Darren Frye recently explored this idea to help get farmers on the road to success in 2018. Read it at FarmFutures.com.