4 Strategies to Cope With Financial Pain – AgWeb

When grain prices sink and margins are tight, producers are faced with tough decisions. Some might even have a hard time paying their bills this year.

Identify the cause of your financial pain, suggests Bob Milligan, a senior consultant with Dairy Strategies.

Are we short on cash because we had a low yield last year or the price is particularly low, or is this a sign that our business isnt sustainable? Milligan asks.

Sometimes that requires a producer to restructure failing entities. If your money problems involve more than just cash flow, …

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