Originally published in Hoard's Dairyman, this article by Roger Murray, Farm Credit East Chief Marketplace Officer, touches on the importance of maintaining adequate financial liquidity in your dairy operation.
Today is Get Smart About Credit Day! Senior Loan Officer, Jason Hoagland, prepares you for the loan application process by going over the 5 Cs of credit: Character, Capital, Capacity, Conditions and Collateral.
Making a large purchase in life can be both exciting and a bit nerve-racking. Buying a farm is no different. In many ways, applying for a farm loan is quite similar to that of a home loan, but there are still some important differences you should be aware of when preparing for your purchase.
In the financial world, your cash position is referred to as liquidity, i.e. your ability to pay your bills. Liquidity is important to any agricultural business, yet it may have a heightened significance depending on what you produce, how long it takes you to produce it and how it’s sold or marketed.