Your farm needs a mid-year financial checkup
Story Date: 7/11/2014

 

Source: SOUTHEAST FARM PRESS, 7/8/14

Although this is a busy time production wise, do some calculations to determine whether you are on budget. Share your updated budget or plan with your lender. If there are cash flow problems, your lender needs to know early to explore alternatives. If you wait until the end of the year or when your production loan is due, the alternatives narrow considerably.

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