By Justin Dullum
Editor’s Note: Growers Edge Financial, Johnston, Iowa, is carving a path as an innovator in melding financial technology into the ag sector. BankBeat, the sister publication of BankNews, spoke with Joe Young, its co-founder and president, about how these two worlds come together.
By Justin Dullum
President Donald Trump’s ongoing trade war with China is taking its own toll on the ag industry. But it has come at a time of unprecedented weather events, and the phenomena are a one-two punch.
By Ryan Barrow
From the SunTrust-BB&T
(now the recently announced Truist Bank) mega merger on down, the retail
banking industry finds itself in a period of sustained consolidation. For many
community and regional banks (particularly those in metropolitan areas) that
are forced to compete with much larger banks and are looking to grow, an
acquisition of a smaller institution or participation in a merger of equals has
been the primary strategy for growing deposits.
Don’t overlook equipment as an asset
By Mark Stock
As the farming population in the U.S. gets older, more and more farmers are thinking about retiring and what follows. The role of a commercial banker in the retirement process is an invaluable one: Helping their clients plan for retirement. From a farmer’s perspective, the retirement process can seem overwhelming, impacted by personal circumstances. Why are they retiring? How much money do they need to comfortably retire, and what can they do to get the most out of their assets?
Two years later, Bank of the Rockies believes becoming a Farm Service Agency Preferred Lender was a huge benefit
By Heather M. Malcolm
A couple of years ago, in the Q2 2017 issue of Ag Banking, I wrote an article about what my bank, Bank of the Rockies in White Sulphur Springs, Mont., went through to gain status as a preferred lender with the USDA, Farm Service Agency. Becoming a Preferred Lender Program lender has been very beneficial for our bank, but there have been a few stumbling blocks.