Land. This is always an area of potential opportunity for farms that want to grow, but it could become more feasible for some as operations review 2020 financials. Buying land or bidding for cash rent is something to be aware of as we move into 2021 if farm growth is part of your goals. You’ll need to be able to quickly determine whether a purchase price or cash rent bid is feasible for your operation. Having the right financial information about your farm business at the right time can make the difference between being able to seize a land opportunity – or miss out on the right piece of land altogether.

Your business. When it comes to your farm operation, there can be opportunities – other than growth in terms of acres – to grow the business. It takes a willingness to learn and be on the lookout for things like unmet needs or problems that others are encountering – and being creative about how to create a way to solve those problems. If you are looking for alternative ways to grow your operation and add revenue, consider how you can offer solutions to other farms or consumers.

Markets. The grain markets seem to be entering a whole new era of price volatility – and volatility can mean opportunity, if you have a plan and are ready to act. But constantly watching the market and trying to digest all the information that’s out there can be tough when you need to be spending most of your time paying attention to leading your operation. You can get a partner to prepare for opportunity in the 2021 market and beyond. Start by learning more about the marketing solutions our advisors can help you implement for your farm.