Farming has changed a lot over the last few decades. Today's farm leader can't afford to run things the same way his granddad did. It used to be almost enough to concentrate all your effort and hard work into production - work longer, harder hours than your neighbors, spend more time on the tractor, and you were more likely to come out on top after harvest.
These days, it takes more business acumen and financial management skills to grow a successful farming operation than it did even 20 years ago. Today's farm leader is more than a craftsman; he has to be a business leader as well.
Water Street Solutions Strategic Account Manager Lance Burditt begins a discussion with ag broadcaster Dewey Nelson, with some advice on how to tackle the current finance environment in the ag industry.