Cash and liquidity will be king during the economic crisis, said Dr. David Kohl, professor Emeritus at Virginia Tech. Kohl spoke during the Ag Issues Forum, sponsored by Bayer Crop Science. He warned that farmers should not be lulled into feeling safe because last year was so profitable for grain producers. He said a large number of bankruptcies in businesses are in the year immediately following record profits. They make mistakes by expanding too quickly and finding themselves exposed. In addition to cash and liquidity, Kohl said it will be extremely important for agricultural producers to be innovative, resourceful and selective.
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