Managing financial stress
The “Perfect Storm” of high feed prices, increased input costs and low product demand has created the worst financial situation of a lifetime for many livestock producers.
Surviving economic downturns
It’s no secret that times are tough for farms as well as other small businesses, but things will turn around eventually. University of Vermont Extension specialist Mary Peabody offers these tips to help your business weather the storm.
Times are challenging, but watch for opportunities
“We’ll get through this,” Randy Blach told the crowd at the 2009 CattleFax Outlook Conference, “and those who do a better job of managing their risk will get through a little better than the rest of us.”
“Buddy, can you spare a nickel for my horse?”
As Congress negotiated the terms of a $700 billion bailout for Wall Street last month, President Bush addressed the nation with a dire warning: “Our entire economy is in danger.”
Know the signs of burnout
“Employee burnout is more than a temporary situation after a difficult week,” says Dorothy Lecher, human resources director at Prema-Lean Farms.