Cash Will Be King
Elizabeth Williams DTN Special Correspondent
Mon Oct 27, 2014 03:25 PM CDT

INDIANOLA, Iowa (DTN) -- When grain markets began their free fall, Indiana farmer Gordon Millar eyed his farm's financial projections and knew he needed to come up with more cash to keep his lender happy and his operation prepared for tough years ahead. During hard times, working capital would be king.

"In 2013, we had the most profitable year we ever had, and I've been aggressive in pre-selling our 2014 crop, which should keep us above breakeven this year," the New Carlisle, Ind., farmer said. But 2015 shows negative profit margins, even for an operator with crops as diverse as ...

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