Debt-to-asset ratios are on the rise, working capital is eroding and farmers’ sentiments are on the decline. Despite the negativity surrounding prices and outlooks, Famer Mac is providing a voice of optimism.
FAPRI’s baseline projections point to little change in net farm income over the next decade, which could lead to further erosion in the farm financial picture for agriculture. For 2019, FAPRI sees livestock receipts not boasting the numbers USDA currently projects.
Time and labor resources tend to be some of the biggest challenges faced in production beef agriculture. Technologies that can address both of those key operational elements will eliminate critical efficiency gaps.