Hebrink: COVID-19 has highlighted need for resiliency, risk management
Compeer Financial CEO Rod Hebrink says the key takeaway for ag finances during the coronavirus pandemic is the need for resiliency.
“Part of that resiliency comes in the financial capacity of individual farm operations or agribusinesses,” he says. “We’ve always encouraged good liquidity in organizations to be able to adjust as circumstances change.”
He says farmers have also had to improve risk management.
“It’s one of those key lessons to make sure you have some of your marketing in place and taken care of so that you can weather those variabilities that come throughout the year even if we don’t expect them to include COVID-19 type events in the future,” he says.
Brownfield interviewed Hebrink during NAFB Trade Talk.
Compeer Financial is a member-owned Farm Credit cooperative.