Farm Planning and Financing

Farm financial planning is just one of those tasks that many farmers want to put off as long as they can – indefinitely, if possible – but Dr. Marshall Lamb with the National Peanut Research Lab says it’s just as important as farming itself.

The major emphasis of his talk was on working with the current volatile price situation for farm commodities. “The price for cotton, corn, wheat, soybeans are at all-time, unprecedented levels,” he said, noting that even peanuts are experiencing price volatility.

“The best way to cope with it is to know from your farm plan where your break-even prices are and when you reach those break-evens, go ahead and contract something,” Marshall said. “A farmer never went broke making a profit.”

Listen to my interview with Marshall here:
Listen To MP3Dr. Marshall Lamb (MP3)

13th Annual Southern Peanut Growers Conference Photo Album

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