At this time of year, there?s one thing that?s at the front of the minds of every Iowa farmer: planting season. While it?s exciting to finally get a start on the year?s crop, operating costs can make this a more stressful time. Rick Snyder, vice president of business development with FarmOp Capital, said they have a unique approach to offering operating loans to farmers.
All farmers know that timing is a huge part of a successful crop. Getting an early start can make or break a strong year. Snyder said they have the ability to work with farmers much earlier in the year.
Of course, crop insurance plays a big part in obtaining a loan. Snyder said the size of the operating loan they can offer scales directly with the coverage percentage that farmers have on their insurance.
Snyder added that, while the interest rate is obviously a big factor, it?s just as important to look at the structure and how early the money can be obtained.
For more information, visit www.farmop.com.
