Borrowing a loan can be a useful tool for farmers and ranchers, especially to fill in gaps when cash or working capital is short to cover current obligations or to make necessary or planned capital purchases. Before signing for a loan, understand the loan terms and repayment requirements as spelled out in the loan documents.

Jessica Groskopf, an agricultural economist with the Center for Agricultural Profitability, defines and explains important lending terminology and considerations for farmers and ranchers.

More at: https://cap.unl.edu/finance/basics-loans-farmers-and-ranchers