Managing farm financial risk: Marketing plan

Video: Managing farm financial risk: Marketing plan

Manage your marketing plan. Fine-tune your farm’s marketing plan, based on the cost of production.

Pay attention to payments from year-to-year, and how that may affect the cash flow for the business. Take time to analyze the best insurance strategies for your operation.

Also, look for profit margin opportunities in crop and livestock production and lock-in cash expenses and market prices when those margins exist.