Farm Progress
DEBT-TO-ASSET RATIO: The higher your debt-to-asset ratio, the more vulnerable you are to interest rate fluctuations. If solvency is a problem, correcting it may result in the sale of assets and repayment of debt. Agrivision: A price risk management plan contributes to long-term financial progress.
Mar 12, 2021
My son and I farm 1,700 owned and rented acres in southwestern Wisconsin. We also custom-combine an additional 1,800 acres of corn, soybeans and wheat for neighboring farms. My son is 33 and started farming with me in 2008. We have seen some really great years and some really bad years. I know a lot of people are excited about higher corn and soybean prices this year, but I’m cautioning my son that this is no time to think these high prices will last more than a year, maybe two. My goal is to continue to pay down debt.
Willie Vogt
COVER CROPS AT WORK: Respondents to the latest Farm Progress PANEL share their thoughts on cover crops. A majority of those who answered the survey are using the practice, but some questions remain for others. The latest Farm Progress PANEL shows many farmers are engaged with this practice designed to boost soil health
When folks talk about soil health or carbon sequestration, the conversation often turns to cover crops. And a drive across the Midwest this winter will probably show you more green covered ground than you ve seen in the past. At Farm Progress we wanted to know more so we asked our Farm Progress PANEL members their thoughts on the topic.