February 1, 2013
Do You Know Your Risk Rating Score Is At Your Bank?
Or how you could improve it to lower your interest rates? This past week nearly 100 Iowa beef producers discovered the secrets to improving their risk rating with their bankers and securing the capital they need for heard expansion. These producers attended the Capital Acquisition Seminars conducted as part of the 2013 ICA Beef Business Connections program sponsored by Summit Livestock Facilities. Presenters at these events included Moe Russell of Russell Consulting Group and Tim Wells of First Midwest Bank Moline Illinois.
Topics covered included bulletproofing your financial statement in preparation for herd and business expansion. As well as an economic business outlook for the industry presented by Moe Russell. Tim Wells then lead a session on understanding how lenders evaluate the risks of lending money to beef producers and provided insights as to how beef producers could better prepare for lender negotiations receive more favorable interest rates and acquire the capital they need. Much of the content from these presentations will be available soon on the ICA Beef Business Connections website. Be sure to visit the ICA beef business connections website or return to this Summit Livestock Facilities webpage as more information will be published in the coming weeks.
We at Summit Livestock Facilities are delighted to have sponsored these events and are excited about other upcoming ICA Beef Business Connections events including a Generational Ownership Transition seminar on March 14 2013 as well as a series of low stress cattle handling days which will be conducted the week of July 22 of this year. Visit ICA Beef Business Connections website for more information. Or click here for information about the March 14 Generational Ownership Transition seminar.