University of Missouri Extension agricultural economist Joe Horner says successful beef producers can make small changes in three areas to make their farm less vulnerable to risks: plants, animals and business. Being good in just one of those three areas is not enough.
Longtime producers see the big picture and plan to withstand cycles in the industry. Drought is a recurring theme for many farmers and ranchers, but Horner producers should not look at drought as an emergency since it happens often and in cycles.
He urges producers to think long term. “Drought is going to happen. Build a…
