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Showing posts from May, 2017

Agricultural Financial Loans

There is no doubt that farming can be a difficult job, but obtaining financing to sustain and grow your operation should not be! Working with a lender that is knowledgeable about agriculture and how best to structure credit will make the process of applying for and obtaining financing for your farm as simple as possible. In this post, we will discuss a few basic steps that you can take to make your first meeting with a lender go smoothly. Remember, the better the quality of the information provided, the quicker that you will be able to get access to the financial support that your operation needs. What to Bring Income statements: An income statement is a record of the revenues and expenses generated by your farm. Most commonly, your income statement will be reported on your individual or company tax returns. Your lender will analyze your historical results to determine whether your farm business produces enough cash flow to service your debt. Be prepared to have a discussion with