It Pays To Work With Your Lender
Curtis Griffith
Lubbock, Texas
But, as everyone knows, there is no time for a long vacation. Even if this year's crop weren't delayed by weather problems, there are always numerous decisions that have to be made. For example, there are seed variety decisions for 2010. And, most importantly, a producer must organize his financial information for that annual meeting with the ag lender.
As a Texas banker, farmer and ginner, I have a different insight into what a cotton producer faces when he's dealing with his lender. I see both sides of the equation, so to speak.
The lender must have access to all of the producer's financial information so that he can make a sound decision on whether to finance the crop. Conversely, the producer needs to understand the environment that the ag lender is operating in today. He must understand the importance of good recordkeeping and a workable crop budget.
source : cottonfarming
Curtis Griffith
Lubbock, Texas
But, as everyone knows, there is no time for a long vacation. Even if this year's crop weren't delayed by weather problems, there are always numerous decisions that have to be made. For example, there are seed variety decisions for 2010. And, most importantly, a producer must organize his financial information for that annual meeting with the ag lender.
As a Texas banker, farmer and ginner, I have a different insight into what a cotton producer faces when he's dealing with his lender. I see both sides of the equation, so to speak.
The lender must have access to all of the producer's financial information so that he can make a sound decision on whether to finance the crop. Conversely, the producer needs to understand the environment that the ag lender is operating in today. He must understand the importance of good recordkeeping and a workable crop budget.
source : cottonfarming
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