A commodities financial expert recommends tempering growth plans this year in favor of a balanced approach.
Curt Covington, Senior Director of Institutional Credit with AgAmerica, tells Brownfield he expects dairy farmers to finally have a strong working capital position after several erratic years of milk prices.
“Maintaining that liquidity in a go forward basis is going to be very, very important,” he says.
For farmers able to find general contractor, Covington says the astronomical increase in construction costs this year has tempered facility improvement plans that might have been in the works.
