Reg Shandro explains how the banker will look at your farming business and how you can strengthen your relationship with your lender.
Reg Shandro explains how to strengthen your relationship with your banker.
A huge component of financial risk in agriculture, is to maintain and strengthen your relationship with your local lender. This is very important, because if the lender has confidence in you, the likelihood that they’ll be able to assist you with your lending requests is going to be a lot higher.
The lender will look at your farming business in three different ways:
1. What is your industry risk? Who you are and how do you know your agrilcultural operation?
2. What is your business risk?
3. What is your financial risk?
This workshop was funded in part by the Agriculture & Food Council of Alberta