The threat of drought in any year is a real problem for most of the country. Many of us have seen severely less than average rainfall, which has strained our businesses. The most frustrating thing about it is that drought is one of the few things we, humans, have no control over.
And if things could not have seemed worse, we also see higher than average prices for the inputs we need, such as fuel, fertilizer, and grain. A combination of drought and high feed prices will result in higher cow/calf costs across the country. What makes this a real problem is that agriculture is one of the few industries with a very thin profit margin.
With these current problems, many producers are asking themselves how they will be to make. They are wondering if they will even be in operation next year. Though you can’t always control what is happening, there are ways that you can make it more tolerable for you. Here are four things that you can do to help you make it through this: