Farm Credit Bank of Texas’ Post

2023 proved to be a year that outperformed economic expectations. Annually, CoBank explores these key trends and future projections in its report on the agriculture and marketing sectors. From information on vital funding bills to insights for the U.S. agriculture economy, "2024: The Year Ahead" provides essential insights into "Forces That Will Shape the Rural Economy." Click to learn more! https://lnkd.in/gxC9ZsbB

As your trusted agricultural lender, we recognize the challenges our farmers face each year. From rising labor expenses to uncontrollable weather conditions, we understand. As your local lending partner, our loan officers are knowledgeable and prepared to help you navigate these challenges. Together, we're #FarmerStrong. ❇️ #AgCarolinaFarmCredit #FarmCredit #NCAg #NCAgriculture

In a recent interview with The Daily Star, Selim R. F. Hussain, the Managing Director & CEO of BRAC Bank, shared more details about the bank's agriculture financing and how it empowers farmers as well as fosters financial literacy. #CorporateUpdate

When selecting the right bank for your #agribusiness, there are several key considerations to ensure you partner with an institution that fully supports your unique needs. Check out our latest article to learn more: https://lnkd.in/g959wPJU #Ag #Agricultural #AgBusiness #OneBank #SharedVision #ExtraordinaryService

CrossFirst Bank is your bank for #agriculturebusiness! Check out our latest article on 5 key considerations when choosing your bank for your banking needs. If you are interested in learning more about CrossFirst Bank's lending options, please feel free to reach out to me and I will get you in contact with one of our experienced lenders in this space!

Facing barriers with traditional lenders for your agricultural clients? UK Agricultural Finance opens gates to opportunities with flexible, farmer-focused lending options. Let's collaborate to grow your clients' businesses. #RuralFinance #AgriculturalBrokers

JLH Finance understands the difference between a hobby, weekend getaway and a fully operational enterprise geared towards generating farming income. Understanding these distinctions is crucial in the context of rural lending, as the financial requirements, risk profiles, and lending criteria may vary based on the nature of the agricultural venture. By recognising these differences, our team can tailor a strategy to meet the specific needs and goals of clients.

The government is expected to establish an agriculture credit goal of INR 22 trillion for the upcoming financial year, reflecting a 10% increase from the current year's target, which is likely to be exceeded, according to sources. In the present fiscal year, the commercial banks, cooperative banks, and regional rural banks (RRBs) have already disbursed INR 16.37 trillion, which constitutes 81% of the INR 20 trillion target, achieved within the initial three quarters of FY24. An official noted that the credit demand and disbursement for the agriculture and allied sector have shown positive trends. #government #governmentfunding #LatestNews #farmcredit #agriculture

Messy Mistakes To Avoid When Starting a Farm Mistake Number 7: Inadequate Starting Capital Before starting a farm business, ensure that you have enough starting capital for the venture. You can get starting capital from the following sources 👇 👉 Personal savings 👉 Social capital/good will of family and friends 👉 Grants 👉 Loans, etc. The key point is to have something that you can fall back to in case loans/grants or other external funding are not forthcoming. Do not start your agribusiness with a loan, or else you may regret it. Ensure that you have enough to take your agribusiness off the ground, before taking any loan. It is also good to be aware that new farmers often underestimate how much working capital they need, to pay for inputs and infrastructure. Trust me, inputs and infrastructure costs are not cheap, and inflation has made matters worse. In addition, it is essential that you have emergency funds in case of unpredictable weather, diseases and other unforeseen circumstances. 🎯 My word for you today is "Have a stable source of funds for your agribusiness before you start". You've got this 👊. Kindly repost ♻️ if you found this insightful. #BeccaDFarner #tuesdaytips

Planning to Pass Down Your Farm to the Next Generation? A UK Agricultural Finance loan might be the perfect answer. We at UK Agricultural Finance firmly hold that lending is a bespoke process, and a one-size-fits-all approach is ineffective. Hence, we always conduct an on-farm visit to thoroughly comprehend your unique situation and needs. This is particularly crucial for generational transfers, where a comprehensive understanding of the farm's history and the family's dynamics is essential.