This week in his Finance First post, Darren Frye addresses a reader's question about how to improve their planning-ahead process for the 2018 crop year. The key word there is process—because planning ahead is not a single event, but rather a developing system of routines which can begin for an upcoming crop year as early the preceding summer. Planning ahead is highly recommended because it means looking at possible future outcomes and starting today to make the necessary changes and evaluate your decisions carefully.
In answering this question for his reader, Darren touches on self-assessment questions to give you a starting point, the aspect of communication with bankers and landlords, and the idea of seeking third-party insight from advisors. You can read the whole article at FarmFutures.com.