www.foodresourcebank.blogspot.com is a blog brought to you by a Foods Resource Bank cooperating farmer, with the goal of giving readers a better understanding of "FRB" and agriculture. Foods Resource Bank is an organization that is helping to eliminate hunger world wide. Join our Foods Resource Bank Growing Project in that quest.
Monday, March 23, 2015
Don't put all your eggs in one basket?
Diversification in business is normally a good thing. If one portion is underperforming another should provide returns to the bottom line.
With todays prices for agricultural production it shows losses for Corn, Soybeans, Pork, Beef, and Dairy. Fortunately previous years profits are helping farmers get through this tough time, but who wants to lose all their equity that has come from hard work. We will go to the fields soon and plant the crops with the hope that prices recover but are also trying to prepare for the worse.
It seems like carrying any basket of eggs (or farm products) will be a challenge for the farmer this year. I am still optimistic long term and am glad for the problems we have here. Our problem now is too much production but a much worse problem is little or no production. Do what you can to support the less fortunate. www.foodsresourcebank.org
Serving together, Dean
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