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/.
Webinar each month following USDA’s release of the updated World Agricultural Supply and Demand Estimates (WASDE). Join us Wednesday, November 10 for our next monthly update on the corn and soybean outlook following release of USDA’s November Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. Registration is free.Read More