Farmers and ranchers are currently experiencing one of the biggest downturns in history with many parallels to the 1980s. Kansas Farm Management Association farms recorded a substantial drop in accrual net farm income for 2015 with the average net income at $4,568, down more than 95 percent from the net income level of $128,731 in 2014 and down from a five-year average of nearly $120,000. Commodity outlooks remain pessimistic, indicating tight financial conditions for farmers into the future.
A program offered by K-State Research and Extension will focus on a host of different topics to start thinking critically about how the farm operation might withstand these hard times. Each topic will provide the decision framework of how to evaluate what viable options or opportunities exist to become more efficient and to strengthen the farm business.
Mark your calendar to attend one of the program offerings: