As the growing season wraps up and combines roll through the fields, farmers across America turn their attention to what’s ahead. Whether it’s applying for a new farm operating loan, refinancing existing debt, or managing off-season cash flow, fall is the time to talk to your lender.
This guide helps you understand when to schedule that lender conversation, how to prepare, and what options may be available to you—like loan modification, refinancing, or forbearance. Plus, we’ll show how using FarmRaise, a farm-specific bookkeeping software, makes you a stronger borrower and streamlines the whole process.
Most farmers associate spring with planting and loan season—but fall is just as important when it comes to managing your financial situation. Here's why:
After harvest, incoming cash slows while expenses continue. If you’ve taken out operating loans to fund seed, fuel, and fertilizer, you may need to restructure payments or seek a bridge solution for winter.
The cost of capital could rise in the coming months. By refinancing or locking in fixed loan terms now, you may avoid paying more later—especially for long-term farm real estate or equipment loans.
For many farm loans, renewal paperwork is due before January. Talking to your lender now ensures you’re ahead of deadlines—and not scrambling over the holidays.
If you’re behind on your monthly mortgage payment or at risk of default, early communication can open the door to assistance programs like forbearance, loan modification, or deed-in-lieu of foreclosure options.
The best time to contact your farm loan officer, ag lender, or servicer is late August through early October. This window allows enough time to:
Come prepared. Lenders want more than just a handshake. Here’s what they’ll expect: