0541 - Harvesting Success: Guide to Ag Financing
Course Description
Welcome to the Guide to Ag Financing, a course carefully curated to offer attendees a comprehensive introduction to agricultural loan products and the essential steps in preparing for a successful loan application. With agriculture serving as Georgia's primary revenue generator, this program aims to help agricultural producers demystify the loan process. Participants will acquire foundational knowledge in farm planning, the significance of well-prepared financial statements, and the specific criteria agricultural lenders look for in loan approvals. Join us and equip yourself with the knowledge and tools necessary to navigate the intricacies of agricultural financing with confidence!
Course Outline
- Introduction of Agricultural Lending
- Loan Options
- Business Planning & Preparing for a Loan
- Q&A
Learner Outcomes
- Comprehend the diverse landscape of agricultural loan products and their structural frameworks.
- Appreciate the significance of meticulous farm planning and crafting a robust business plan that outlines farming operations, objectives, strategies, and the producer's skills and experience.
- Identify the prerequisites set by lenders for eligibility in agricultural loans, along with the estimated timeline for review and approval.
- Recognize the array of financial statements indispensable for loan applications and grasp the criticality of maintaining their accuracy and timeliness.
Notes
This program is brought to you in partnership with:
The UGA Small Business Development Center is a Public Service and Outreach Unit of the University of Georgia. Funded in part through a Cooperative Agreement with the U.S. Small Business Administration. All programs of the UGA SBDC are open to the public on a non-discriminatory basis. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance.