Program for farm families coming Jan. 16

Farm and ranch families are accustomed to dealing with challenging times, and 2023 is shaping up to be very demanding. Inflation will not only affect household budgets, it will also result in rising farm and ranch input prices. Higher input costs coupled with softening commodity prices will result in razor-thin profit margins being squeezed further. The uncertainty surrounding input and commodity prices, and yields combined with inflation rates not seen in more than 40 years could result in unusual levels of stress for farm/ranch families in 2023.

In an effort to lend a hand to help farm/ranch families navigate inflation, stress and a margin squeeze in 2023, Colorado State University Extension and Premier Farm Credit will offer the “Farm Family Survival Guide for 2023” program. Topics to be covered include enterprise budgeting and cash flow monitoring, family budgeting, family and consumer science resources, stress reduction, and local mental health resources available to farm/ranch families.

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