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Young Farmer Podcast: Two farm credit experts talk about farm financials and what young farmers can do to be in better financial shape.

Chris Torres, Editor, American Agriculturist

July 8, 2021

In this week’s episode of the Young Farmer Podcast, we hear from Raechel Sattazahn, knowledge center director for AgChoice Farm Credit, and Matthew Hackenberg, a loan officer from AgChoice.

Financial planning is more important than ever, and according to Hackenberg, one of the biggest ways for a young farmer to get off to a good start is by saving up as much money as possible and having a clear business plan in writing.

Also, AgChoice has launched a new grant for young farmers in its territory: $10,000 grants for full- or part-time farmers who have started farming in the past two years or plan to start a farm business in the next two years.

Recipients must submit a business plan and complete the Ag Biz Basics educational program by Aug. 31. Applicants need not be an AgChoice customer.

To learn more, visit AgChoice Farm Credit.

In the meantime, enjoy listening to the Young Farmer Podcast.

 

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Young Farmer

About the Author(s)

Chris Torres

Editor, American Agriculturist

Chris Torres, editor of American Agriculturist, previously worked at Lancaster Farming, where he started in 2006 as a staff writer and later became regional editor. Torres is a seven-time winner of the Keystone Press Awards, handed out by the Pennsylvania Press Association, and he is a Pennsylvania State University graduate.

Torres says he wants American Agriculturist to be farmers' "go-to product, continuing the legacy and high standard (former American Agriculturist editor) John Vogel has set." Torres succeeds Vogel, who retired after 47 years with Farm Progress and its related publications.

"The news business is a challenging job," Torres says. "It makes you think outside your small box, and you have to formulate what the reader wants to see from the overall product. It's rewarding to see a nice product in the end."

Torres' family is based in Lebanon County, Pa. His wife grew up on a small farm in Berks County, Pa., where they raised corn, soybeans, feeder cattle and more. Torres and his wife are parents to three young boys.

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