NDSU Extension Agriculture Finance Specialist Bryon Parman highlighted the farm financial situation during the Lake Region Extension Roundup. “There are folks definitely struggling, but based on our data, most farmers are doing alright. I think there is reason for optimism going into 2020, at least with trade.” Farm size is not an indication of financial health. “As farms have gotten bigger, the conventional wisdom is you have to get bigger to make ends meet,” explained Parman. “The data shows that may be true in some scenarios, but at the same time, you’re a lot more flexible if you’re in a medium-size farm range. Farmers can make decisions they may not be able to make if they were a larger scale farm.”
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