May 15, 2020
Contingency Planning with Cash Flow Shortages
As cash flows from the farm operation become tighter due to COVID-19 and weaker commodity prices, it is necessary to find other funds to help pay for asset purchases or delay asset purchases, and to repay debt. On this episode, Purdue agricultural economists Michael Langemeier and Brady Brewer discuss contingency planning, a course of action designed to help a business determine how to respond to possible future events. Contingency plans are often referred to as “Plan B”.
The article referenced in this episode can be found at https://ag.purdue.edu/commercialag/home/sub-articles/2020/04/contingency-planning-with-cash-flow-shortages/.
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UPCOMING EVENTS
September 16 at 7 pm or September 23 at 9 am
The Flexible Lease virtual Workshop, presented by the Purdue Extension Land Lease Team, will include a presentation and discussion to help you decide if a flexible land lease arrangement is right for your farm.
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