While most lenders like to emphasize strong balance sheets, it’s the ability to generate cash that pays the bills. Some farmers did a good job of forward contracting 2017 new crop bushels, hedging or buying put options and will avoid many cash flow concerns this late fall and winter. However, those farms holding large quantities of unpriced crops could see cash flow challenges and may want to focus on understanding other marketing strategies and tools rather than storing bushels unpriced. He explains further to Doug and Andy here:
If you would like more information, attend one of Steve's Pro-Ag Outlook Tour stops:
Waterloo Friday, Nov. 10 at 9:30 a.m. Hawkeye Community College, Tama Hall·
Altoona Monday, Nov. 13 at 9 a.m. Polk County Extension Office
Fort Dodge Thursday, Nov. 16 at 4 p.m. Webster County Extension Office
Mason City Friday, Nov. 17 at 1 p.m. NIACC Community College, Muse-Norris Conference Center
Carroll Tuesday, Nov. 21 at 9:30 a.m. Carroll County Extension Office
Spencer Friday, Dec. 1 at 1:30 p.m. Spencer School Administrative Building
Greenfield Monday, Dec. 4 at 9 a.m. Warren Cultural Center
Iowa City Wednesday, Dec. 6 at 12:30 p.m. Johnson County Extension Office