The business side of farming can be daunting. Still, Purdue University Agricultural Economics Professor Dr. Valerie Kilders says knowing what is worth paying attention to is often the difference between success and failure. “A big thing that producers probably want to focus on is trying to understand whether what they’re looking at is a temporary trend or whether that is here to stay.” At the North Dakota Farmers Union’s Evolution Ag Summit, Kilders cited the increased egg prices in 2023. Identifying lasting trends over short-term events should be front-of-mind during the decision-making process. “I think that’s a question that producers really need to be asking themselves, when looking at the bigger picture.”
