27 min
MIP # 432 - Assessing The State Of Ag Banking - With Alan Hoskins Moving Iron Podcast
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- Economía y empresa
MIP # 432 Assessing the State of Ag Banking With Alan Hoskins
Moving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.com
Move More Iron with Fusable! Get your Free Demo at
https://info.ironsolutions.com/moving-iron-podcast.
Summary
In this episode of the Moving Iron Podcast, Casey Seymour interviews Alan Hoskins from American Farm Mortgage about the current state of ag banking. They discuss early planting, potential interest rate changes, crop prices, succession planning, and the importance of looking at financials on an accrual-adjusted basis. Alan emphasizes the need for open communication and joint meetings between lenders, merchandisers, and farmers to make informed decisions. He also encourages producers to regularly review their financials and consider the long-term implications of their plans.
Keywords
#agbanking, #earlyplanting, #interestrates, #cropprices, #successionplanning, #financials, #jointmeetings, #plant24
Takeaways
Early planting has been observed in some areas, but recent storms and rain have slowed activity.
The Federal Reserve is considering the possibility of inflation leading to rate hikes instead of rate decreases.
Producers should work with lenders and merchandisers to assess profitability and manage risk.
Succession planning should involve joint meetings with all parties present to ensure effective communication and decision-making.
Examining financials on an accrual-adjusted basis is essential to understand true profitability and make informed decisions.
Sound Bites
"What's happening in the world of ag banking?"
"There's a possibility that we could lower interest rates by three times going out through 2024."
"Regardless of the rate environment, it always serves folks well to consider how to manage risk."
Chapters
00:00 Introduction and State of Ag Banking
05:22 Impact of Inflation on Agriculture
09:28 Finding Profitability in Crop Prices
13:29 Navigating Succession Planning
23:49 Closing Remarks and Moving Iron Summit
Chapters
00:00 Introduction and Background
05:50 Shift from 7 Series to 8 Series Tractors
25:41 Value of Networking at the Moving Iron Summit
Click To Watch:
https://youtu.be/P1Z1CWNi21k
Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc
Music By: @TalbottBrothers
Host: @casey9673
#agequipmentbusinesstal #letsgomovesomeiron
Contact Me at:
MovingIronLLC.com
movingironpodcast@movingironpodcast.com
MIP # 432 Assessing the State of Ag Banking With Alan Hoskins
Moving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.com
Move More Iron with Fusable! Get your Free Demo at
https://info.ironsolutions.com/moving-iron-podcast.
Summary
In this episode of the Moving Iron Podcast, Casey Seymour interviews Alan Hoskins from American Farm Mortgage about the current state of ag banking. They discuss early planting, potential interest rate changes, crop prices, succession planning, and the importance of looking at financials on an accrual-adjusted basis. Alan emphasizes the need for open communication and joint meetings between lenders, merchandisers, and farmers to make informed decisions. He also encourages producers to regularly review their financials and consider the long-term implications of their plans.
Keywords
#agbanking, #earlyplanting, #interestrates, #cropprices, #successionplanning, #financials, #jointmeetings, #plant24
Takeaways
Early planting has been observed in some areas, but recent storms and rain have slowed activity.
The Federal Reserve is considering the possibility of inflation leading to rate hikes instead of rate decreases.
Producers should work with lenders and merchandisers to assess profitability and manage risk.
Succession planning should involve joint meetings with all parties present to ensure effective communication and decision-making.
Examining financials on an accrual-adjusted basis is essential to understand true profitability and make informed decisions.
Sound Bites
"What's happening in the world of ag banking?"
"There's a possibility that we could lower interest rates by three times going out through 2024."
"Regardless of the rate environment, it always serves folks well to consider how to manage risk."
Chapters
00:00 Introduction and State of Ag Banking
05:22 Impact of Inflation on Agriculture
09:28 Finding Profitability in Crop Prices
13:29 Navigating Succession Planning
23:49 Closing Remarks and Moving Iron Summit
Chapters
00:00 Introduction and Background
05:50 Shift from 7 Series to 8 Series Tractors
25:41 Value of Networking at the Moving Iron Summit
Click To Watch:
https://youtu.be/P1Z1CWNi21k
Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc
Music By: @TalbottBrothers
Host: @casey9673
#agequipmentbusinesstal #letsgomovesomeiron
Contact Me at:
MovingIronLLC.com
movingironpodcast@movingironpodcast.com
27 min