Low commodity prices and increasing debt levels are placing some farmers in serious financial distress. Accessing credit or capital is one of the many challenges facing farmers. This video discusses how you can work with your lender, starting with learning about the 6 C’s of credit that a lender may consider during your loan application – Character, Credit, Capacity, Capital, Conditions, Collateral – to identifying steps to complete your loan application and establish a relationship with your lender. Agricultural financing can be a crucial tool to continuing production, expanding operations, or trying different enterprises. Through a better understanding of agricultural lending, business planning, and other ways of communicating to a lender, farmers may improve their chances for success.
This video is a companion to the Working With Your Lender article.