In an early look at cash flows for 2023, the farm financial situation still looks positive. With current price projections and normal yields, Minnesota Farm Business Management instructor Josh Tjosass is cautiously optimistic. “For most farms that aren’t highly leveraged, that didn’t go out and spend top dollar and borrow top dollar for some additional things on the farm, we’re finding that the cash flows are still looking relatively positive,” Tjosaas said. “Obviously, that’s very dependent on what prices they’re able to lock in for 2023 or finally sell for for 2023.” Working capital has grown significantly in the past year. “Use that equity in a productive way, but there is value to holding onto some of that as well.”
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