The first question a farmer might ask about business structures may very well be: Why do I feel so overwhelmed? The good news is that creating a legally safe and well-managed business only involves three crucial steps: creating and following the processes laid out in your documents, separating yourself financially from the farm, and getting legal advice when you need it.
Getting an agricultural land loan requires a wealth of information, and it is invaluable for a borrower to know what a lender is looking for. AgAmerica Lending’s Chief Credit Officer, Jackie Toenes lends her considerable expertise in explaining the 5 Cs of Credit and how they apply to land lending below.
Iowans can expand their financial knowledge and skills without leaving home with free online classes and webinars from Iowa State University Extension and Outreach and eXtension.