Think like an economist

This weekend, I had another meeting in Kansas City for AFA. This trip focused on conference prep, but as always, personal develop. With that, we conducted a lunch visit with UMB Bank. I have become more adapt to reading the financial articles on LinkedIn and the occasional Wall Street Journal. But when talking with businessmen and futuristic economists like Peter DeSilva and Mike Hagedorn, they brought in a whole new perspective about the agriculture industry.

AFA Student Advisory Team at UMB Bank.

Sometimes, you need to think like an economist. That is why many farmers are doing to be profitable and successful business people. Today, many farmers are specialized. One example is my father. Nearly 10 years ago, my dad transitioned from conventional to organic farming of his corn, wheat, soybean and hay crops. For reference, my dad has been farming since the age of 15 and attained personal acreage at age 18. In his mid-50s, this was quite a change from the usual farming routine he had for over half of his career.