Conferences
Preparing to Meet with Your Agricultural Lender
Michael Langemeier
Summary
A checklist for loan renewal may include the following items: most recent tax return and balance sheet, list of all loans, yield and production history for each crop and livestock enterprise, marketing plans, insurance documentation, projections and budgets for the upcoming year, and a farm narrative that includes future goals and management structure. Agricultural lenders use the tax return, balance sheet, and projections to evaluate a farm’s financial position and ability to repay loans. This presentation uses a case farm to discuss how to compute and evaluate historical and projected repayment capacity measures such as the capital debt repayment margin and the replacement margin. Repayment capacity measures for the case farm will be compared to FINBIN benchmarks.
Details
| Conference | 2019 National Farm Business Management Conference |
| Presentation Type | 20-Minute Presentation |