Ever hear that old saying, "Every path has a few puddles?" We sure stepped in a few puddles this year didn't we? My calendar looks like my grandkids' coloring book. Every page has been scribbled through, rewritten and scribbled on again. It's been a difficult year to plan a lot of things in our lives.
So what do you do when your farm or ranch isn't making as much money as it used to? I've written articles, and so have many others, about how to cut expenses, so this time we are going to focus on a few ways to increase income.
Since 2003, all the way to today's post COVID markets, I've watched farmers keep pressing on through corn and cattle prices that at times were hard to comprehend. While I'm not farming full time myself, it seems like I've rode with a lot of farmers on the highs and lows while helping prepare cash flow projections, looking at changes in net worth from year to year, and helping restructure operations.
They say that home is where your heart is; however, I think home should be where the best food is. When I was little, I never really considered the importance of my food or where it came from until I joined the FFA. In this agriculture education based organization, I found a passion for advocating for the industry that is essential to the sustainability of our ever-growing world: agriculture.
Most of the nation's school age children are going to finish out the school year at home -learning from mom and dad, where they are hopefully safe from the global pandemic that is COVID-19. What a difference a few weeks makes. In February, we were optimistic about what new trade agreements would mean to the farm economy and were hopeful for increased prices for the 2020 crop year. A few short weeks ago, we were hearing and reading about a new flu that was affecting residents of Wuhan, China. It seemed very far away and it only deserved a moment of our precious time, because we were so very busy.