Develop a marketing plan and follow it. Calculate your actual cost for producing each commodity. Look for outside help if necessary. Look for off-farm employment. Many cash crop producers are only employed four to six months per year.
Unemployment is currently at historically low levels and skilled labor is in high demand.
Consider performing custom work to fully utilize existing equipment. If you have surplus equipment and time, you can generate cash or trade services with other farms. In some cases, you may rent the machinery to other farms rather than operating it yourself. Michigan State University Extension has the staff and the resources to help you implement these practices and ideas on your farm. We encourage you to utilize our expertise as you and your family develop your plan for keeping your farm business viable during the current economic crisis.