Posts Tagged: balance sheet

The importance of high-quality financial reports

Interest Calculator

  It stands to reason that a financial institution determining whether or not to lend money to a business operation needs to have a clear and accurate understanding of how that operation is performing. The balance sheet and profit and loss statement — P&L statement, also known as an income statement — are two key… Read more »

Preparing for your 2017 credit needs

A farmer combining their corn with a grain bin in the foreground

By Jeff Schmidt, Chief Credit Officer¬† With another harvest in the books, it is time to focus on finishing 2016 business while getting prepared for 2017. In many cases, this includes the renewal of your operating loan.¬† After several exceptionally profitable years, grain and livestock producers have been facing significantly tighter margins the last two… Read more »

Assessing your credit needs

Combine in field

By Jeff Schmidt, Chief Credit Officer   It is hard to believe that we are past the mid-point of 2016 already. This is a good reminder to be sure that you complete a mid-year review of your financial position. Updating your balance sheet to see how your working capital position is holding up and reviewing… Read more »

Rebalancing for success

A farmer shaking hands with his lender

By Jeff Schmidt, chief credit officer Earlier this summer we touched on the importance of having enough liquidity for your farm operation. We thought it would be good to revisit the topic and present a few options for how you can better navigate lower commodity markets. With year-end fast approaching, producers are focusing on upcoming… Read more »