Episode Description:
Brent Meshke has a unique perspective. He raises lambs, hogs, corn, soybeans and alfalfa on his Lake Crystal farm. For the past two years, Meshke has also been an ag lender for MinnStar Bank. “It definitely helps with the lending business, being able to see both sides of the table.” Commodity prices are high, but farm input costs are also escalating. Meshke stress the importance of having an accurate cash flow statement. “The projections often start at the beginning of the year, but it is also good to put sales in the projections even after you meet with the lender. Personally, I like FINPACK and there are some operators that work with Farm Business Management and that’s great.” Meshke says it is important to know the capabilities of your farm and what it will cost. Listen to the entire conversation with Brent Meshke.
