Is Your Farm Ready for Higher Interest Rates?
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What is the main topic discussed in this episode?
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Reading and understanding your loan documents, being proactive, and then finding a product that meets your needs for for the future of your farm. Those are the key three key things, uh, in my opinion.
Hey listeners, welcome back to the Farm for Profit Podcast. This is Tanner sitting here on a solo episode. So excited to be able to go down our discussion today, hanging out by myself during this harvest season. But still love having you here. Appreciate all the feedback that you give us. Thanks for helping us out, hitting that subscribe button, making sure that you hit those reviews. We prefer five stars, but uh whichever way that they come in, uh it's valuable to Us because whenever somebody new finds who we are, uh it's good for them to have a little bit of an idea of what they're getting into. So thanks for spreading the word, keeping the network growing. I know Corey and Dave would say the same. So uh keep sending those new ideas to connect at farmforprofit.com.
Also, continue to hit us up in the comment section on our social media. We're gonna talk finance and the future of what your operation could look like or maybe should be. be considering as we go through this harvest season. It's earlier than we usually dive into this topic, but I think it matters even more than ever. And I wonder if our guest will think the same. Happy to welcome Dan English here, the general manager from FBN Finance to the podcast. How you doing? Good. Thanks for having me. Absolutely. Where are you coming in from today?
What should farmers read in their loan documents before a rate reset?
Uh, Minneapolis. So uh good uh getting ready for the Minnesota State Fair here coming up uh this week.
That's right. It's exciting to uh get to see those state events that feature agriculture for the general public, um, be able to put those things into consideration for those that don't get to spend every day in the cab or on the farm or feeding those animals. So uh good for you to do that. Remind our listeners a little bit about your background and how you got into this role.
Uh so I grew up in Sioux Falls, South Dakota. Um, you know, didn't didn't grow up uh with a family that came from agriculture. But of course, like almost everybody in the state, you know, my great grandparents had uh lived there and uh a couple generations before that, uh homesteaded. And so um certainly had some connection to agriculture and Went away to college, worked on Capitol Hill for a few years, um, and um worked uh in consulting. And, you know, being one of the few kids from South Dakota and a lot of those places, I found that you know, I knew the difference between corn and beans. And so that kind of set me up as uh a leg up for a lot of people when it came to agriculture products. Um and so uh did that for a few years, and I started FBN uh almost nine years.
years ago now um and started the finance business about eight years ago. I've been working to To grow it ever since.
What were you doing at FBN for that one year before you started the finance side?
Uh I actually started out in a corporate uh finance role. Um, and so helped with our Series D fundraise uh that we did back then, uh getting all of our budgeting and planning in place, uh a couple uh acquisitions that we did that laid the fine foundation for uh what became our crop marketing business um and some of the stuff that we have uh on the data side. Uh and so it's a very fun, very busy. Yeah.
Yeah, no kidding. That would have been uh almost like drinking from a fire hose as uh the way that cliche goes.
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Chapters
4 chapters
1
What is the main topic discussed in this episode?
0:00–1:59
2
What should farmers read in their loan documents before a rate reset?
1:59–8:06
3
How does Dan English’s background shape his approach to farm financing?
8:06–25:53
4
Why are higher interest rates changing the way farmers borrow today?
25:53–50:33
Speakers
1 identifiedMore from Farm4Profit Podcast
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