4 Tips From An Ag Lender To Help Farmers Navigate 2018

By: Tyne Morgan

#1: Assess land—is it draining your cash? “My first tip for farmers out there is to really look at each piece of land that you’re operating. Determine if it is a cash flow positive or cash or negative to you. Don’t just look at this year; go back and look at multiple years so that you really see the trend. Look at the rent that you’re paying and determine if it really makes sense to continue to have that in your operation.”

#2: Reevaluate living expenses. “Go back and look at living expenses. Sometimes you can be surprised by what the real number actually is. So I think it’s really important to study that. We’re not saying that you have to cut it, but at least know what it is to make sure that where those dollars are going are indeed the best use of those dollars.”