By Tyler Fuchtman | Market President | Creighton
As harvest season approaches, Nebraska farmers are gearing up for one of the most critical times of the year. It’s a season filled with long hours, high stakes, and the culmination of months of hard work. But before the combines hit the fields, it’s also a smart time to check in with your ag lender.
At Midwest Bank, we believe that proactive conversations lead to better outcomes. Here are five essential questions to ask your ag lender before harvest begins:
1. Is My Operating Line of Credit Ready for Harvest Expenses?
Harvest season often brings unexpected costs—fuel, repairs, labor, and more. Make sure your operating line of credit is sufficient and accessible. Ask your lender if any adjustments are needed based on your projected yields or market conditions.
2. What Are My Options for Grain Storage and Marketing Loans?
If you’re planning to store grain and wait for better market prices, financing may be needed to bridge the gap. Your lender can help you explore grain storage loans or marketing assistance to give you flexibility and control over your selling strategy.
Harvest season moves fast, and so do the decisions farmers have to make. That’s why it’s important to have open conversations before the combine rolls. We want to make sure our clients are financially prepared and have the flexibility they need to make the most of their harvest.
3. How Can I Prepare for Year-End Tax Planning?
Harvest season is a great time to start thinking ahead to year-end. Ask your lender about financing options that align with your tax strategy, such as equipment purchases or prepaid expenses. Coordinating with your accountant and lender now can save you time and money later.
4. Are There Any New Lending Programs or Rate Opportunities I Should Know About?
Ag lending is constantly evolving. Your lender may have access to new programs, rate specials, or government-backed options that could benefit your operation. Don’t miss out—ask what’s new and what might apply to your farm.
5. What’s the Best Way to Stay in Touch During Harvest?
Harvest is busy, and communication is key. Ask your lender about the best way to reach them—whether it’s by phone, text, email, or even a quick visit to the field. Knowing you have a responsive partner can make all the difference when decisions need to be made fast. Midwest Bank lenders understand that harvest isn’t 9-5, and we’re here for you. We’ll come to the field, the farm, or your home if that’s what works best for your busy schedule.
Let’s Talk Before the Combines Roll
At Midwest Bank, we’re here to support you through every season. Our ag lenders understand the pace and pressure of harvest, and we’re ready to help you make smart financial moves that keep your operation strong.
Stop by your local branch or contact us online to schedule a pre-harvest check-in. Let’s make this season your most successful yet.