A farm management educator says research is finding characteristics of financially resilient farmers can differ by age.

Corey Clark with Michigan State University Extension says agility and absorption capacity are two strategies that can help farms reduce risks.

“Younger farmers, they have a harder time with the absorption capacity, but they’re more likely to be on the agility side,” she shares.  “Older farmers are likely to have more absorption capacity.”

Clark says both perspectives are needed to weather market shocks.

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