The president of a commodity brokerage firm says now the time to ramp up risk management plans.
Jim Gerlach is the president of Brookston, Indiana-based A/C Trading Company.
“Considering the fact this this bull market is going to be three years old in June, farmers should be getting a lot more defensive particularly with their expenses as high as they are,” he says. “Ultimately the expenses stay higher as the revenue falls, and it really impacts your bottom line in a hurry.”
He encourages farmers to have a back-up plan and consider options.
Ramping up your risk management plan ahead of the 2023 season
