Upcoming Key Date
Reminder: September 30 is the last date to repay a 2022/23 Advance for field crops or honey. Click here to view all key dates.
Farming is an intensive business that requires continual investment to maintain the depreciated value of the farm and its assets. While debt can be an essential part of farming and agriculture production, whether debt is good or bad depends largely on the intended use and the vehicle of which a producer is loaning funds. Interest rate can play a big role in financing and if funds are borrowed at a low interest rate, while being used to make wise purchases or investments, loans can actually increase your farm’s profitability.
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