STERLING, Colo. — 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, CSU Extension will offer the “Thriving Farm Families in 2023 Webinar.” 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.
The program will be held Tuesday, March 2nd from 6:00-8:30pm. The webinar is free and will be recorded if you miss the live event. To register online go to https://zoom.us/meeting/register/tJYrfu6ppzIjGtxHS8pStjiEcCVE1lwxvT86 For more information, contact Brent Young at 970-580-2204 or email at firstname.lastname@example.org.
— Colorado State University Extension, Northeast Regional Engagement Center