If you are selling at a loss management has nothing to do with it.
The good managers know that the bad times are coming and save for it, the others spend like it will always be good. I have lived in farm country, worked on, and known farmers all my life and have seen this played out over and over. miles
I heartily disagree.
Just how many years of government interference, drought, high operating costs, disease, and environmental terrorism should a "good manager" save for?
To save for the bad times, one most first have enough to live on, from the good times, and have enough left over to build that hedge.
Maybe it's different where you live, but I have travelled extensively throughout the U.S., and have personally witnessed millions and millions of acres of land that were farmed and ranched in days gone by that lie dormant and unused now.
Must be tens of thousands of "bad managers" out there, because sooner or later something forces them out of business.
