In this week's episode, Tracy speaks with Art Lange about "Cash Flow Concerns."

As a business owner, cash flow planning is one of the most critical financial planning activities. In this episode:

• Art shares his thoughts on how 2024 cash flow planning might be extra challenging.
• They chat about upcoming CEBA loan payments and what this means to farmers and their 2024 cash flow.
• Art reviews the CEBA loan amounts, forgiveness portions, and when payments are due.
• With loans due in January, farmers must come up with the money. He shares a few options for repaying these loans if the money is not in the bank.
• Second, on Art's radar is the increased cost of borrowing. He speaks about interest rates and how this is impacting farmers.
• We know interest rates make a huge difference. Art reviews an example of $1 million over 25 years at 4% or 7% and the difference in payments. The difference truly is staggering.
• They dive deeper into the discussion on interest rates for farmers who are looking at new loans or who have renewals coming up. He speaks to high interest and cash flow concerns.
• Art has a tool to help producers with financial planning. He shares the details.

If CEBA loans or interest rates are on your mind, you won't want to miss this episode.

............................... Show Resources

www.AJLConsulting.com