Preparing for 2019

The 2019 Financing programs at your retailer are available. Please visit with your AgQuest Business Relationship Manager  or Agronomy Account Manager, for details on our Companion® secured and Direct loan programs.

Deadline approaching for Market Facilitation Program
We want to remind you to make sure and sign up for the Market Facilitation Program (MFP). MFP, which is administered by the USDA Farm Service Agency, was created to provide payments to eligible producers of soybeans, sorghum, corn, wheat, cotton, dairy, hogs, shelled almonds, and fresh sweet cherries, who were affected by the loss of traditional export markets. Producers can submit MFP applications several different ways: 1) on-line PDF form that can be faxed, mailed or e-mailed, 2) In person at your local Farm Service Agency office, or 3) On-line through the USDA e-authentication portal.

The application is simple – one page, front and back. You’ll need to provide some basic contact information and specifics about commodities that have already been harvested to-date and provide production evidence, like receipts, for each commodity. The application deadline is January 15, 2019. For more information, go to: https://www.farmers.gov/manage/mfp

Understanding your financial situation
Financial planning in your farming operation is critical to your success, especially in the current ag environment. It helps you evaluate what you are currently doing and whether or not you need to make some changes. It also provides some insight so that you and your lender can make decisions for the future.

If you want to make some changes in how you operate your business, here are some things to consider that could help lower your expenses and solidify earnings:
1. Work with your Grain Marketing Advisor to design and implement a plan that meets your marketing goals and reduces the emotions.
2. Consider marketing some 2019 grain production, in addition to the 2018 old crop.
3. Work with landlords on a flexible rental agreement.
4. Partner with neighbors or family members on equipment usage.
5. Sell excess equipment to help restore liquidity.
6. Consider having a budget for family living expenses, in addition to farm-related expenses.

By carefully analyzing and understanding your financial picture, you will have a much better chance of not only surviving the downturn in the ag economy, but thriving in the long run. AgQuest understands that every operation is different so we encourage you to give us a call so we can help you work through your individual situation and get you the financing you need for the 2019 crop year.

Central Farm ServiceCentral SotaCrystalFarmwardLocalSeedUFCUnitedPrairie