High levels of working capital provide farmers with the financial capacity to easily reinvest in their businesses.
The recent price swings in the commodity markets have had a substantial impact on the expected profitability of corn and soybean farms.
What is interesting about this data is that the recent downturn has not been met by an increase in direct government program payments.
Farmers are positive, but will this match reality?
From sticky input prices to falling commodity output prices, U.S. farmers are working their way through some of the most difficult financial times in recent memory.
In 2016, farm cash rental rates dropped nearly 11.0%.