January 24, 2020

Agricultural Economy; Safety Net Concerns; the Budget; and COOL

Agricultural Economy

Lori Potter reported in yesterday’s Omaha World-Herald that, “There’s adequate money in Nebraska’s ag lending system for 2009, but today’s farmers must bring more than a long-standing relationship with the loan officer to the bank’s front door.

“They should have a business plan, confirmation of collateral and proof of cash flow in their back pockets.

“‘There’s no shortage for any operator, any producer or any business with a sound business plan,’ said Ron Horst of Town & Country Bank in Kearney. ‘That doesn’t change.’

However, borrowers and lenders are likely to discuss risk management in much greater detail than in the past.”