An idea to take to the bank

Sometimes, nontraditional farming ideas escape translation in a bank setting. Learn how to overcome those obstacles.

May/June 2007
Grit Magazine 
Article Tools
Print
Comments
RSS
Bookmark and Share

For farmers looking for non-traditional enterprises to keep their operations afloat, a new publication might lend a hand.

RELATED CONTENT

The Farmer’s Guide to Agricultural Credit helps farmers navigate the documentation needed to apply for a new enterprise loan, details how lenders evaluate loan applications, and even offers communication tips to allow the farmer to express creative ideas to a lender. Resources are also listed.

Nontraditional farming enterprises, such as growing organic produce or using traditional crops in unusual ways, offer farmers a means of staying financially solvent. Some of these ideas, however, can be difficult to express to those not rooted in farming. And lenders are often ill-prepared to evaluate an unorthodox proposal.

The Farmer’s Guide is designed to help both parties. It was produced by nonprofit The Rural Advancement Foundation International, with the help of a committee of farmers, commercial and agricultural lenders, representatives of state governments and other experts.

The guide is available online at www.RAFIUSA.org/pubs/puboverview.html. A limited number of paper copies are available by mail. North Carolina farmers may request a free copy by calling (919) 542-1396. Farmers from other states will need to send $10 to cover printing and postage.

– information from the Center for Rural Affairs, www.CFRA.org

Bookmark and Share
RSS | Comments | E-mail | Print

Comments

Add Your Comment

You can use this comment form to enter your personal experiences or additional information and resources that you'd like to share with Grit readers. Your helpful advice will be posted on this page.  E-mail addresses are never displayed on comments, but they are required to confirm your comments.

Line breaks and paragraphs are automatically converted — no need to use <p> or <br> tags.

New to GRIT?
Sign up to share comments.
Asterisks(*) indicate required fields.
Name*
Your name appears next to your comment.

E-mail Address*
This will be your login ID.

City State Zip Code

Password*


Confirm Password*

Comments
1500 character limit (Offensive materials and/or spam will be removed, no HTML allowed)
Please Note: Your sign-up must be verified via e-mail before your comment is published.
FEATURED ARTICLES
MOST POPULAR


Pay Now & Save 50% Off the Cover Price

First Name: *
 Last Name: *
Address: *
 City: *
State/Province: *
 Zip/Postal Code:*
Country:
 Email:*
(* indicates a required item)
Canadian subs: 1 year, (includes postage & GST). Foreign subs: 1 year, . U.S. funds.
Canadian Subscribers - Click Here
Non US and Canadian Subscribers - Click Here

Live The Good Life with Grit!

For more than 125 years, Grit has helped its readers live more prosperously and happily while emphasizing the importance of community and a rural lifestyle tradition. In each bimonthly issue, Grit includes helpful articles, humorous and inspiring articles, captivating photos, gardening and cooking advice, do-it-yourself projects and the practical reader advice you would expect to find in America’s premier rural lifestyle magazine.

Get your guide to living outside the city limits delivered straight to your mailbox. Subscribe to Grit today!  Simply fill in your information below to receive 1 year (6 issues) of Grit for only $19.95!

SPECIAL BONUS OFFER!

At Grit, we have a tradition of respecting the land that sustains rural America. That’s why we want you to save money and trees by subscribing to Grit through our automatic renewal savings plan. By paying now with a credit card, you save an additional $5 and get 6 issues of Grit for only $14.95 (USA only).

Or, Bill Me Later and send me one year of Grit for just $19.95!