There’s a lot going on right now across the Corn Belt. Farmers are finishing up their harvest, finding out its results, and even starting up on the 2019 crop year. Most farmers don’t bother meeting with their banker or creating a budget for the upcoming year before applying their post-harvest dry fertilizer. By the time that meeting comes, money has already been spent on fertilizer application and cannot be recovered.
In this week’s Finance First post at Farm Futures, Darren Frye explains why Water Street Solutions advisors work on budgeting and figuring out their clients’ input costs per bushel, and how this data—along with weather, agronomics, and other factors—can be used to make informed decisions around efficiency and other topics, even before the crop year has begun.