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The Squeeze: Strategies For Surviving the Financial Squeeze in a Downward Farm Economy
Manage episode 448350076 series 3550832
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As 2024 unfolds, the agriculture industry faces what could be the start of several tough financial years, with farm economics taking a stark downward turn. For many in agriculture, the strains of high input costs, inflated machinery prices, and soaring interest rates are hitting home. What do these economic realities mean for the future of farming? And how does this period compare to previous downturns in agriculture?
In this episode, seasoned farmer Matt Miles joins host Damian Mason to explore the impact of economic pressures on the ag industry. They’re also joined by Steve Acker, CFO of Concept AgriTek, who shares insights on variable pricing programs for 2025, where input prices adjust based on farmers' commodity revenue—a potential game-changer in managing costs. Tune in for a candid discussion on practical strategies, financial adjustments, and survival tactics to weather the challenges ahead.
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