News & Publications
January 10, 2023 |
Why should I use puts if I already have crop insurance?
There is more to protecting the bottom line of your balance sheet than insurance coverage alone.
Throughout the holiday celebrations some of you were also doing office work, trying reach the income goal your tax specialist gave you by balancing income with paying out expenses.
While looking over which bills to pay in 2022 or 2023, farmers have experienced another year of high-priced inputs. Prices of chemicals, fertilizers, fuel, etc. have followed commodity prices higher and have taken away the profit margin many experienced in 2021 and 2022. With 2023 looking like a year of tighter margins, farmers are looking for places to save on costs.