Ag economists are in agreement net farm income will be down in 2015 and the fall will be harder than 2014. Dr. Brent Gloy, Founding Director of the Purdue Center for Commercial Agriculture, says with lower grain prices the ag environment has shifted and farmers need to reflect that in their management strategy.

He says cash is still king, but many farmers forgot that during the profitable years in the grain markets. So he advises matching financing to the life of your assets.

Another strategy is for farmers to look at restructuring their balance sheet.