Special Report

FCMA – vast majority of our customers will make it through

The chief lending officer of Farm Credit Mid-America tells Brownfield Ag News their farmer customers must stay in frequent communication with their lenders during these tough times and here’s why, “Our main focus is, does the producer understand their circumstance and situation? Are they able to make adjustments and willing to make adjustments?”

Keith Lane tells Brownfield they work with their clients as long as their balance sheet supports it and they understand and are willing to make adjustments. He says they’ve renewed 98% of operating lines through January.

Lane says it’s important farmers focus on what they CAN control and they can’t control commodity prices, “If you’re talking the grains, there will likely be a weather market at some point and you need to be prepared and understand – be prepared to pull the trigger when that does come.”

Lane says, “The majority of our customers will make it through and a lot of them will prosper through it.”

Interview with Keith Lane at Commodity Classic ’19 Trade Show

Add Comment

Your email address will not be published.


 

Stay Up to Date

Subscribe for our newsletter today and receive relevant news straight to your inbox!