Farm Progress is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Serving: United States
Corn+Soybean Digest

Best and Worst Experience as a Lender

Recently I taught the Advanced Agricultural Lending School in Omaha, NE. We asked lenders to discuss their best and worst experiences as lenders. Here are some of their responses:

"Top Ten Best Experiences"

  • Watching young producers who can manage the whole business grow and gain net worth. Also, watching their willingness to change with new ideas.

  • A charge off loan that a workout plan was put together for and working as designed 3 1/2 years later

  • Having a customer tell the lender they were an asset to the organization and the lender being thought of as a business partner.

  • Having a customer who had a big loss from weather say he felt sorry for me because some producers blame the banker for all their financial problems and don’t take responsibility for themselves.

  • Increasing a customer’s net worth more than $300,000 in five years by debt structuring.

  • Obtaining approval and better rates for any customer.

  • Helping a producer either expand or with a workout when no one else would accept them.

  • Having a customer say, "Thanks for understanding and working with us."

  • Meeting quality people who are down to earth with great morals and character.

  • Watching a new young farmer, who is well educated, working closely with his family, starting on his own and actively marketing his grain.

Yes, lenders are human, and it’s a two way street.

Next time we will discuss the "Top Ten Worst Experiences."

My e-mail address

Editors' note: Dave Kohl, The Corn and Soybean Digest Trends Editor, is an ag economist at Virginia Tech. He recently completed a sabbatical working with the Royal Bank of Canada. He is now back at Virginia Tech with his academic appointment, which is teaching, extension, and applied research.

To see Dave Kohl's previous road warrior adventures type Dave Kohl in the Search blank at the top of the page.

This online exclusive is brought to you by The Corn and Soybean Digest

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.