Updated: Dec 22, 2021
Putting thought into your financial state can be stressful in anyone’s mind. Instead of putting off your conversations with your banker until it's too late, get yourself in the position to be ahead of the game from the start of the new year! Our friends at Big Valley Capital are providing you with 6 tips to straighten up for 2021 farm financials. With over 25 years of experience, Big Valley Capital is confident they can move more efficiently than a traditional bank.
1. MAKE SURE YOUR 2021 CROP FINANCING IS READY TO GO?:
Your bank should have already completed or should be finishing up your 2021 crop line of credit. If not, it’s time to talk to your banker.
2. MONITOR RECEIVABLES FROM THE 2020 CROP:
Keep a close eye on the receivables not yet collected for the 2020 crop. This amount needs to equal or exceed your crop line balance and remaining payables left on the 2020 crop (if any). Make sure to estimate any exp