Standing atop the Garrison Dam in North Dakota, it’s wild to think about how the same Missouri River that flows past farmland here winds its way near my home.
Back in the day, farmers used the river to move goods, livestock and families, figuring out how to navigate its challenges as they went. Today’s ag industry feels a lot like that — full of unexpected turns and rough patches.
As we head into 2025, it’s a great time to revisit ways to keep things afloat during a down ag economy. From cutting waste and diversifying income to leaning on others for support, there are plenty of ways to navigate through rough waters ahead. Here are some strategies:
Trim waste. Look for ways to cut unnecessary expenses and focus on what’s essential. Upkeep used equipment instead of buying new. Use precision agriculture tools to pinpoint exactly where to plant, irrigate or fertilize.
Consider diversification. Whether it’s growing niche crops or starting an agritourism venture, adding a few new enterprises to your revenue can help keep your farm’s finances flowing for years to come. Your farm may have a unique product that stands out — whether it’s organic produce, grass-fed beef or specialty grains. Look at offering consumers value-added products from that operation. This can be turning raw crops into packaged goods — wheat to bread, or fruit to jams. This can increase profitability.
Map out a financial plan. Create a realistic budget, but more importantly, stick to it. Make sure those plans include a reserve or emergency fund. This can provide a safety net when cash flow slows.
Tap into resources. The old steamboats that once ruled the Missouri River didn’t run on one person’s effort alone. It took a team to navigate the rough waters. Lean on others during challenging times. Consider pooling resources with other farmers to cut costs or share equipment. Collaborate with universities, companies or other farmers to try new techniques, such as conservation tillage or intercropping.
Paddle steady through the rapids
The Missouri River doesn’t stop flowing when it hits obstacles — it keeps carving its path forward. For many farmers, novice or seasoned, the 2025 agricultural downturn may feel like hitting a rough patch in the river, but farmers have proven they have the skills and grit to steer through it.
By staying efficient, diversifying income, planning ahead and working with others, you can keep your farm moving forward. Remember, just like the Missouri River’s current, challenges will eventually pass. It’s about navigating through the rapids; smoother waters are just around the bend.
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