It's easy to dream your farm bigger in times when commodity prices are good. Actually growing the size of your farm is a little more complex. You have to think about always keeping yourself in a good financial position, even in down years that might be on the horizon, before that additional land is paid off or before the new lease agreement expires. Water Street Solutions' President and CEO Darren Frye explores that issue in the February 25th edition of Indiana Agrinews. You can also read it here. IN Agrinews Febr 25 2011
Crop Insurance | Financials | Marketing | Working On Your Business
It's easy to let your emotions take over when you're trying to market that crop that's your whole shot at profit for the year....especially when prices are where they are right now. In times like these, it's critical for farmers to understand the factors involved and make management decisions with all of the information available. Good financial management is more than knowing the fundamental factors that are affecting the trade. It's important to understand where risk lies, and how to manage it. If you're planning to attend Commodity Classic, be sure to spend your Friday afternoon with Max Armstrong, Arlan Suderman and Darren Frye.
Benchmarks are important in managing farm finances. One of those targets that we work toward at Water Street Solutions is a working capital ratio of 40 percent. Water Street Solutions' President and CEO Darren Frye talks more about this with KRVN's Ken Rahjes.
Driving Working Capital to Forty Percent AUDIO For the text of the interview, click here: Driving Working Capital to 40 Percent
Financials | Marketing
Water Street Solutions helps farmers with profitability, using a business model that you won't find anywhere else. Experts in ag finance, crop insurance, commodity marketing and legacy planning work together on a plan tailored for your farm.
All opinions expressed in this website are solely those of Water Street Advisory. Client testimonials are not indicative of future performance or success. There is significant risk of loss involved in commodity futures and options trading and may not be suitable for all investors. You should always consider these risks and evaluate your suitability based on your financial condition.
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