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Mitigating volatility through 2023 farm budgets

An ag economist says farmers need to sensitize their budgets to make a profit in 2023.

“Volatility can be mitigated. It just takes work.”

Matt Erickson, Economic and Policy Advisor with Farm Credit Services of America tells Brownfield farmers should preserve their working capital and understand their cost and revenue structure.

“If we have volatility, prices are going to go up and prices are going to go down on black swan events that seem to happen every other day.

Mitigating volatility through 2023 farm budgets

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