By Shay Foulk
Ag Web
From 2014 to 2019, we considered, facetiously, renaming our cost of production program from Profit Manager to Least Loss Manager. There were some ugly years in there, many of which would have been substantial losses without insurance or government payments.
I don’t predict the future, but as we look at 2024, there are many operations with red ink indicating a loss on their reconciliation and projections. It’s an uncomfortable position, especially those with low liquidity and working capital who are going through transition or significant investment into the business, uncertainty in landlord relationships, solar pressure and uncontrollable weather.