As bankers gathered at the Ag Credit Conference, the economy and its financial impact on those in agriculture were the talk around the room. With low commodity prices, University of Minnesota grain marketing economist Ed Usset says farmers need to have a “hunker down” mentality. “I personally think corn and soybeans have probably put in their harvest lows.That doesn’t mean a bull market is on its way, but that means maybe it doesn’t get any worse.” For farmers putting grain in the bin, Usset encourages them to put a number on it. “What are you waiting for? If there is a 30 to 40 cent rally, are you ready to take advantage of it?” Usset shares more in this interview.
