324 - Farm Finances — The Wrap on 2023 and A Look at 2024
The Business of Agriculture Podcast · Damian Mason
December 18, 202348m 38s
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Show Notes
Cost of production set a record in 2023 as the most expensive crops ever planted. How things turned out for the P&L statement depended on weather, yield, and how well operators navigated the commodity markets. Prices for land, labor, fuel, machinery, and crop inputs aren't subsiding, nor is the interest rate for borrowed money. All this points to a challenging farm business environment for 2024. Put simply: Crop insurance and adherence to business will matter more in '24. Chris Barron with Ag View Solutions discusses farm finances with Damian. Sponsored by: Pattern Ag pattern.ag AGvisorPRO getagvisorpro.com Truterra truterraag.com