3 Tips for Pitching Ideas to Your Lender

With increased potential for profitability with commodity prices much higher than in recent years, some farmers may be looking at additional income opportunities such as purchasing more land or more efficient equipment. For anyone preparing for a conversation with their lender related to funding a larger investment, consider these three tips to get the most out of the conversation:

1. Explain your vision and do so with detail.
2. Set clear goals and a specific plan for how you are going to reach them.
3. Speak your lender’s language by using their terms.

Preparation using these tips as a starting point can help lead a more successful outcome with your bank.

Read more details on these three tips here.