Debt isn’t something anyone likes to discuss in public, whether it be student loan debt or farm debt.
According to Ashley Arrington, founder of AgriAuthority, credit conditions are tightening because banks don’t want to put growers out of business.
“It’s just a symptom of the market that we’re in right now,” said Arrington.
When talking to your banker about debt, Arrington suggests to be as open and honest as you can in order for your banker to best assist you.
“Help them understand what your problem is and what they can do for you to help fix it because the bank wants you to succeed,” she said.
Hear what you can do to help your case on AgDay above.