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How Should Farm Growth Options be Evaluated?

Michael Langemeier and, Michael Boehlje (January, 2018)

Summary

There are numerous motivations for farms to expand their businesses. Even in today's environment of tight margins, many farms are exploring expansion options. When exploring these options, it is important to address key questions pertaining to the farm's strategy. A previous farmdoc daily article discussed ten questions that should be addressed when examining challenges and opportunities associated with farm growth. This article focuses on the fourth question: how should farm growth options be evaluated?