Farm Financial Resiliency Resources guide now available
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EmailThis factsheet highlights resources available to help farms better position themselves to withstand economic stress.
Building financial strength is important to manage economic difficulties and avoid severe financial troubles. Financial resilience can be built through rigorous recordkeeping, financial analysis, risk management, and strategic capital investment management. By integrating free educational resources with federal support programs, producers can better understand their operational health and make informed decisions to ensure long-term viability. Resources are available through several educational delivery methods, including decision tools, multimedia, written materials and direct engagement with classes and staff. This Farm Financial Resiliency Resources fact sheet provides a guide to resources available to help.
Topics covered in the guide include:
- Understanding key financial health measures
- Working with lenders and learning about loan programs
- Strategic planning including capital investments
- Managing risk and protecting farm income
- Finding help for financial hardship and farm stress
During challenging periods of tighter credit, it becomes increasingly important for producers to understand their financial position, carefully evaluate major expenditures and implement strategies that strengthen cash flow and resilience. Michigan State University Extension can help farmers navigate these challenges by providing educational resources and decision tools. Through workshops, fact sheets and one-on-one educational support, MSU Extension helps producers make informed decisions that improve profitability, manage risk, and position their operations for long-term success.
