Managing farm cash flow takes effective planning and access to the right tools. Unlike many types of businesses, farmers face a unique situation where an entire year's production culminates in harvest that spans only a few weeks. Faced with this situation, farmers must determine the best sales strategy to manage their cash flow needs, while attempting to get the most profitable price for their production.
Some may choose to sell a portion, or even all, of their production at the time of harvest – whether selling grain right off the combine or calves right off the pasture. While common, this approach can result in missed opportunities to maximize the prices for production by selling ... (read more)