MIP # 432 - Assessing The State Of Ag Banking - With Alan Hoskins

Moving Iron Podcast

MIP # 432 Assessing the State of Ag Banking With Alan Hoskins Moving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.com Move More Iron with Fusable! Get your Free Demo at https://info.ironsolutions.com/moving-iron-podcast. Summary In this episode of the Moving Iron Podcast, Casey Seymour interviews Alan Hoskins from American Farm Mortgage about the current state of ag banking. They discuss early planting, potential interest rate changes, crop prices, succession planning, and the importance of looking at financials on an accrual-adjusted basis. Alan emphasizes the need for open communication and joint meetings between lenders, merchandisers, and farmers to make informed decisions. He also encourages producers to regularly review their financials and consider the long-term implications of their plans. Keywords #agbanking, #earlyplanting, #interestrates, #cropprices, #successionplanning, #financials, #jointmeetings, #plant24 Takeaways Early planting has been observed in some areas, but recent storms and rain have slowed activity. The Federal Reserve is considering the possibility of inflation leading to rate hikes instead of rate decreases. Producers should work with lenders and merchandisers to assess profitability and manage risk. Succession planning should involve joint meetings with all parties present to ensure effective communication and decision-making. Examining financials on an accrual-adjusted basis is essential to understand true profitability and make informed decisions. Sound Bites "What's happening in the world of ag banking?" "There's a possibility that we could lower interest rates by three times going out through 2024." "Regardless of the rate environment, it always serves folks well to consider how to manage risk." Chapters 00:00 Introduction and State of Ag Banking 05:22 Impact of Inflation on Agriculture 09:28 Finding Profitability in Crop Prices 13:29 Navigating Succession Planning 23:49 Closing Remarks and Moving Iron Summit Chapters 00:00 Introduction and Background 05:50 Shift from 7 Series to 8 Series Tractors 25:41 Value of Networking at the Moving Iron Summit Click To Watch: https://youtu.be/P1Z1CWNi21k Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc Music By: @TalbottBrothers Host: @casey9673 #agequipmentbusinesstal #letsgomovesomeiron Contact Me at: MovingIronLLC.com [e-mail]