Farming on a small family farm can be a very cyclical way of life. A ten-minute hailstorm can wipe out a year’s worth of work. Cycles are 12-18 months, and can stretch into a 24-30 month downturn with two years of bad weather in a row. I draw the analogy to the current economic downturn as this–it’s the weather.  In bad-weather scenarios, the wisest path can often be to dress and act accordingly.

In my experience, farmers (I include my mom, Fern, who’s 82 and still living on my family’s farm back in Indiana, still going at a pace that would be considered ‘active’ for someone half her age) are some of the most improvisational people you’ll ever meet. Here are three ways that family farmers typically deal with or hedge against the down cycles: (more…)