A farmer's relationship with his or her lender is arguably one of the most important business relationships of the operation. It takes a certain amount of effort to forge a great relationship with the banker and to keep it strong.
Water Street Solutions Account Manager Lance Burditt recently spoke with ag broadcaster Dewey Nelson about that farmer-lender relationship, and he made three valuable suggestions that in our experience have been shown to make a difference in creating a steadfast professional relationship with one's banker:
- Put yourself in your lender's shoes to help anticipate their needs
- Show the lender that you have a solid, forward-looking plan for the operation
- Keep your lender in the know with what's happening on the farm
To hear more about how these steps will help your lender relationships, listen to the full KRVN interview below.