By Dale Minyo and Brianna Smith
With changing market and economic dynamics, many in agriculture are looking for ways to diversify. Farm Credit Mid-America sees diversification as a critical management strategy to help farmers navigate volatility, whether that means expanding within agriculture or exploring complementary business ventures.
Bob Siegel, Regional Vice President of Ag Lending with Farm Credit Mid-America, says the conversation around diversification in agriculture is as broad as the industry itself.
“From a textbook perspective, we think of diversification as a management strategy that uses multiple enterprises or investments to mitigate risk and provide greater stability for a business,” Siegel said. “In today’s environment, we typically see a very wide range of diversifica