The swine industry has seen some rough times in recent years, but now things are finally feeling much better. When hog prices are good, it’s smart to look at ways to improve your operation while also keeping those profits intact. Chris Ford, vice president of swine lending at Farm Credit Services of America, said swine producers are enjoying the benefits of strong consumer demand.
Ford said he has seen producers lock in their profits while still leaving room to participate in potential price rallies.
Ford said producers who are familiar with their operational costs can lock in their interest rates for up to 30 years, which will help with long-term risk management.
Ford added that the swine team at Farm Credit has a broad perspective on producers across the country, so they can help farmers navigate almost any uncertain waters.
For more information, visit fcsamerica.com.
