is part of the 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.

  • American Agriculturist
  • Beef Producer
  • Corn and Soybean Digest
  • Dakota Farmer
  • Delta Farm Press
  • Farm Futures
  • Farm Industry news
  • Indiana Prairie Farmer
  • Kansas Farmer
  • Michigan Farmer
  • Missouri Ruralist
  • Nebraska Farmer
  • Ohio Farmer
  • Prairie Farmer
  • Southeast Farm Press
  • Southwest Farm Press
  • The Farmer
  • Wallaces Farmer
  • Western Farm Press
  • Western Farmer Stockman
  • Wisconsin Agriculturist
Corn+Soybean Digest

A Minute With Moe

For well-managed operations, money is just another commodity that’s needed to operate – it is no different than any other input.

This is becoming a bigger issue for most of your operations. You probably used to get your financing from one source: most likely the local bank. Now, with new technologies, many of you can run your seed and chemical purchases on deferred payment programs, use internet banking and, in some cases, work with banks hundreds of miles away from your operation.

Your operation can use these changes to help you manage risk in the rapidly changing environment of farming in the 21st century.

We have seen four rate drops by the Fed since January 1. If your operating note is on a variable rate, it should be dropping. If it is not, talk to your lender. If he will not drop the rate, talk to another lender. Lenders are in fierce competition to finance good operations, so use that as a competitive advantage.

You can e-mail Moe at

mrussell@netins.net

Editors’ note: Moe Russell, Soybean Digest Risk Management Editor, is president of Russell Consulting Group, a farm management agency in Panora, IA.

Want another minute with Moe?

Click here

to see Moe Russell’s previous columns.

Hide comments

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.
Publish