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Financial planning ahead of the 2023 crop year

A regional leader with Farm Credit Mid-America is encouraging growers to begin financial planning to help manage uncertainty for the 2023 crop year.  

Rudi Pitzer-Perry is the regional vice president of ag lending based in Ohio.  

“Some things we’re looking at, include managing your downside so we’re talking a lot about long term fixed rates,” she says. “Rates are continuing to rise. That is the projection, so we’re looking at locking in as much as we can and giving them products where if the rates come down in the future, we can convert that really quickly and easily.”

Speaking to Brownfield at Farm Science Review, she also discussed managing input costs.

Financial planning ahead of the 2023 crop year