The realities of 2024 are setting in. AgCentric Executive Director Keith Olander cites less-than-ideal yields, low commodity prices and sticky crop input costs. “Farmers used to carry operating loans in the tens of thousands; now it’s hundreds of thousands or millions of dollars,” Olander told RRFN. “The decisions have much greater impact than what they used to in the competitiveness so any risk management product is more critical.” Olander encourages farmers to tune into the resources available to them, be it their lender, crop insurance, your crop advisor, your farm’s management instructor as to what potential options are out there to help you certainly through the downtimes but then to manage them in the good times as well.
