Kansas farmers met to talk about the struggling farm economy

Published: Jan. 19, 2017 at 1:26 PM CST
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Farmers and ranchers are currently experiencing one of the biggest downturns in history.

To help combat the downturn, Kansas State University hosted a program called Top 10 Considerations to Navigate a Struggling Farm Economy on Thursday.

K-State Research and Extension focused on a host of different topics to start thinking about how farms can withstand the hard times. The cost of production, farm safety nets and managing machinery expenses were discussed by K-State professors.

One agricultural expert said he doesn't see the farm economy getting better.

"Instead of just planning for the next year, I think we're in a situation where we probably need to plan two, three, four years," said Allen Featherstone, Head of Agricultural Economics at Kansas State. "It doesn't appear this is going to be a short term cycle, it appears given market conditions we may be in this cycle through 2019, perhaps."

Featherstone also said sales tax revenues were one of the most impactful issues when it comes to the agricultural economy.