Richard Canfield explains how farms juggle livestock and crops while managing one big paycheck at harvest time. Late snow can wipe out spring buds. That lump sum has to cover expenses for the whole year.
Chapters
The cycle of that seasonal business operation which affects so many farmers. Sometimes farmers go through different aspects of seasons. They might have some cow calf, pears or whatever. They might have different types of livestock, but they might also have land that they're farming for grains or canola or what have you. There's different aspects of those seasons that take place for most farming operations. You definitely experience that. One of the challenges that is common for a lot of farming families is the cyclical nature of the income. There's a lot of money that goes out and we're hoping that we have good weather and we don't have a snow that shows up and crushes all your flowers that are budding in May or what have you. You're in a position where you have this big harvest in fall that allows you to have a lump sum of capital that shows up and you have to figure out how to make that last for a long period of time. That is a typical struggle for a lot of farm families.