Management Adjustments in the Face of Farm Financial Stress

This is a discussion of farmers and ranchers who were using management strategies to overcome the financial pressures in the 1980s in North Dakota. These strategies are addressed, which included the putting off of new capital such as farming machinery, reduced tillage operations, reduced family expenses, the refining of their fertilizer and chemical programs, changing their cultivation practices to include minimum or no till operations, changing their cropping patterns and/or the sell land, machinery or livestock to generate funds. All of these have been utilized to stay solvent in a tough economic marketplace