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Farm financial planning and risk management in 2023  

Harvest is coming to a close and a leader with Farm Credit Mid-America says it’s not too early to plan for 2023.

Steve Witges, senior vice president of ag lending, is encouraging farmers to consistently complete year-end financial statements.  

“One of the most critical aspects of understanding one’s financial position and the financial capacity of a farm is being very consistent completing financial statements. If you’re an LLC or single entity operation and you file a tax return and December 31 is your year end, it’s so critical to do a corresponding financial statement,” he says.

Farm financial planning and risk management in 2023  

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