Account managers like to work ratios before approving a loan. A balance sheet showing assets, liabilities and net worth for your farm helps in ratio analysis

When meeting with your account manager, come prepared. At the time of booking your appointment, find out what you need to bring. Maybe the bank or credit union already has your most up-to-date financial information in the file, maybe it doesn’t. It’s good to have the last three years income tax returns and a statement […] Read more