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/.
Join us Monday, April 12 at 3:30 p.m. EDT for an update on the corn and soybean outlook following release of USDA’s April Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. Registration is free but necessary to receive the link to join live or get notice of the webinar recording.Read More