The super cycle in agriculture between 2007 and 2012 was an anomaly and may not return for a while, so farmers need to reset their finances. That was the advice of Dr. David Kohl, Virginia Tech agricultural economist who keynoted the Agrivisions outlook meeting in Yankton.

Specifically for this year without a weather problem Kohl thinks commodity prices will continue to be under pressure and net farm income will take another push lower.

And this means that farms will have to reset financially and that includes cutting costs.

He says part of that readjustment includes tightening family living expenses, which doubled in 2007 to 2012.