A Positive Farm Financial Situation in 2020

Most farmers are ending the year in better financial shape than they did in 2019. Farm Business Management instructor Josh Tjosaas, based at Moorhead, says there has been a lot of healing for the balance sheet. “We’ve seen some improvement on working capital for a good chunk of our farmers and improvements on net worth. For those things to happen, you have to some profitability on the farm.” Government payments are having a significant impact on farm income. However, Tjosaas says most of those payments are for the losses experienced in 2018 and 2019.