While preparing for an NCBA Webinar presentation discussing drought management, which was aired March 24, 2020 at 7:00PM. Managing Drought – Effective Mitigation Strategies. If you have an interest in viewing it can be found at:
While preparing for the presentation I realized that with the current China virus issues (Corona Virus for some), we are rapidly moving into an economic drought. As with rain related droughts the forecasters are all over the board, but it is my reasoning that, as with that shortage of rainfall, we had all better be preparing for an extended economic ‘drought’. Once again as with a rainfall drought, those that have prepared prior to that ‘dry spell’ will fare the issues and perhaps ‘calamities’ better than those that have not prepared.
One thing that is a given is that those rangeland managers (ranchers) that have developed an effective grazing management program that focuses on profitability of that ranching operation and the environmental improvement that goes with that profitability, will fare this economic drought much better than those that are just ‘going with the flow’ of continuous grazing.
As I plan to emphasize in the Webinar: Prepare for the worst of the droughts early on, not procrastinating to the point of ‘panic’ resolutions. Then, just maybe, the forecast will be for better times returning soon.