Matt Roberts 3.0

Hey all, I guess that since most of my responsibilities have been wrapped up, and many of you are aware anyway, my birthday is as good of a time as any to make it public that December 31st will be my last day at Ohio State. As of January 1st,... [Read More]
Tags: personal, career

The Equity Burn Rate

Last time, we talked about the working capital burn rate (WCBR)–a measure of how many years of losses a producer can sustain before they exhaust their working capital and have to either refinance their land to withdraw equity, or take some other drastic action. This time, I want to discuss... [Read More]
Tags: farm finance, grain marketing

The Working Capital Burn Rate

Since 2009, just after the first time corn prices ran to $8, I’ve been emphasizing to growers than they need to build working capital. Early on, I used a pretty simple rule of thumb: growers need at least one full year of land charges in extra working capital. This extra... [Read More]
Tags: farm finance, grain marketing