Oklahoma is a wonderful place to live and work the land. However, having enough capital to sustain your farm isn’t always easy. For the Oklahoma farmer who’s trying to get the necessary funding to stay afloat, here are some things to look out for.
Margins are tighter than ever. The cost of land and equipment have driven up the fixed cost to higher levels than ever before and the price that you can revieve for your farm products is always in flux. With varibles like these you need an experienced, and trusted financial partner who can get you the financing you need that fits your operational capacity. That financiang may be through the Farm Service Agency or it may be through a more conventional loan product.
A little research might show you that there are more ways to get working capital than you’d expect. With a loan that’s designed for your specific needs, you can finance your operation and build a long-term sustainable plan for financial success.
It’s not easy to start or maintain a farm or ranch, but it’s certainly worth the effort if you can make it work. If you need more information about the financial side of farming, visit Financial Consulting Inc. in Pawnee.