If there is one thing we know about farming, it’s that sometimes things don’t go as planned. The unpredictability of the weather, commodity and market prices, and crop yields can result in tremendous volatility for a farmer and their family. Recently, government tariffs on commodities and severe weather events have made a significant impact on farmers’ ability to produce a good margin of profitability to plan for future years. When obstacles like this occur, many farmers consider refinancing their farm operation to recover from the previous year.Read More
Check out our tips for getting a higher credit score.
Your credit score–the three-digit number that relates to how likely you are to repay debt—is an important aspect of your financial future. After all, it determines whether you receive the loan you’re applying for and the rates you’ll pay. According to the financial experts at Nerd Wallet, the lifetime cost of higher interest rates from bad or mediocre credit can exceed six figures. On the other hand, borrowers can leverage strong credit scores for fantastic deals on loans, credit cards, and insurance premiums.
Find out how possessing character and capital can secure an ag land loan
Before working to secure an agricultural land loan, potential loan borrowers (loan borrower meaning an individual, organization or company using funds, materials or services on credit) should consider whether they have the 5 C’s of Credit, with the first two being character and capital.Read More
How To Help Your Farm Thrive in 2019
Find out how working with trusted ag lenders, crop consultants, insurance agents and attorneys can help your farm thrive.
Running a modern agricultural operation requires a diverse range of skills, including, but not limited to crop planting and management, soil fertility maintenance, financial planning and business expertise, sales and marketing know-how, and preparing for an uncertain future.
Investing in farm equipment & machinery
Here are a few things to keep in mind when investing in new equipment for your farming operation.
Although they’re often necessary, it’s no secret that new farm equipment and machinery purchases are typically costly – but according to retired economist William Edwards, making smart decisions when it comes to acquisition, trading, and how much capacity to invest in can reduce machinery costs as much as $50 per acre.
In this article, we discuss a breakdown of farm machinery and equipment costs and whether or not those purchases will truly serve you and your operation.Read More
Discover the steps to writing a business plan designed to help you reach even the loftiest of goals.
Whether you’re launching a farming or ranching business or interested in taking your existing operation to the next level, it’s smart to create a long-term business plan to ensure you’re on the right track – after all, if you do it right, your business plan will be your roadmap to where you want to go.
Find out how character and capital can help secure an ag loan
Before working to secure an agricultural land loan, potential ag loan borrowers (loan borrower meaning an individual, organization or company using funds, materials or services on credit) should consider whether they have the 5 C’s of Credit, with the first two being character and capital.Read More
Is your agribusiness ready for the new year?
As 2019 approaches, don’t miss the opportunity to prepare your agribusiness for the new year. Whether you want to diversify or grow your operation in the upcoming year, taking a step back and assessing your operation and its long-term financial health is a critical step in planning for the new year. Here are three key steps you can take to prepare your agribusiness for year-end and kick-off 2019 on the right foot.Read More
Learn more about what closing loans and loan servicing means to our team and your operation.
AgAmerica’s lending process offers borrower a unique experience from beginning to close. We understand the agricultural land loan process can seem daunting and that’s why we have instituted one team to guide you through the process, ensuring our custom loan package meets the needs of your operation. A critical part of this team includes our closing and servicing team members who are focused on making the loan closing and servicing process timely and efficient for all involved.Read More