A strong relationship with your bank and your banker is an important part of a successful farm operation. I sometimes hear farmers mention they were disappointed with the level or with the speed of service they received from their banker. This sentiment can arise for many reasons, but there are measures you can undertake to cultivate a high-quality relationship, and together with your banker, ensure a rewarding relationship in the future.
Reading Time: 3 minutes Solicit feedback Your banker likely deals with many farmers and accordingly has expertise in areas such as business structure, forecasting, and succession planning. In addition, banks have other well-established resources including investment specialists, cash management specialists, and estate planners who can help you with your business plans and future success. Asking questions and soliciting feedback will […] Read moreBuild a stronger bank relationship
Four Steps For Managing Your Interest Rate Risks
Reading Time: 3 minutes As a banker, farmers often ask me, Where are interest rates headed? Increasingly, they are also asking an important second question: What can I do to manage the risks to my operation from interest rate movements? The simple response to where interest rates are going is: They will change. While that is not as concrete […] Read more
A message from April Stewart, Country Guide's Associate Editor
