With very tight margins, Virginia Tech professor emeritus David Kohl is urging farmers to be proactive, not reactive. Speaking at Bell Bank events in Fergus Falls and Moorhead, Kohl said farmers need a solid business IQ. Kohl says there is reason for optimism in agriculture. “Farm assets are a whole lot cheaper, particularly for used equipment, than they were during the super-cycle,” said Kohl. “I’m optimistic for the people who are good managers. Pretty everybody could make money with $8 corn, beans in the teens and $30 milk. Now it is the good managers and tough times bring out those good managers.”
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