|
KS and NE in eastern 3rd | Banker called today wants serial numbers off my equipment and would like me to put their name along with mine on the insurance policy. I do not have a loan on my machinery, it was bought with cash. I only have land loans with them and a open line of credit that i maybe put 30 to 40 % of my total varible farm expenses on. I have land that is paid for. I only rent 1 farm, which is about 6% of my acres, the rest of what I farm is owned land. He says this is new bank policy, what would you do? I feel that my loans with them are extremely low risk and consider myself a good client. My cash flow shows a 20% return on expense and long term debt. I'm also part owner in 2 different businesses but up until this point I have totally separated those from any farm business. Thoughts? Find a new bank? | |
|
Banking Question
