It Pays To Work With Your Lender
Curtis Griffith
Lubbock, Texas
As for additional advice that I could give to farmers about how to improve their crop financing strategies, there are a few things to remember. The more details a farmer can give to an ag lender, the better it will be for everyone.
Viewed from any angle, we're all under more scrutiny than ever before, and that's why we don't want to have any loans with problems. If a producer is going to have a cash-flow shortage from this year, it is very important that he comes to his lender with a reasonable plan to get back on track.
If a farmer is thinking about making changes in his cropping patterns, get your numbers together and visit your lender early. Try to have a good relationship with your lender and answer all his questions. In the end, it'll be a win-win situation for everybody.
source : cottonfarming
Curtis Griffith
Lubbock, Texas
As for additional advice that I could give to farmers about how to improve their crop financing strategies, there are a few things to remember. The more details a farmer can give to an ag lender, the better it will be for everyone.
Viewed from any angle, we're all under more scrutiny than ever before, and that's why we don't want to have any loans with problems. If a producer is going to have a cash-flow shortage from this year, it is very important that he comes to his lender with a reasonable plan to get back on track.
If a farmer is thinking about making changes in his cropping patterns, get your numbers together and visit your lender early. Try to have a good relationship with your lender and answer all his questions. In the end, it'll be a win-win situation for everybody.
source : cottonfarming
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