But, they also have the characteristic of being successful less frequently and also tend to have more severe losses associated with them. Another goal to evaluate is current consumption versus growth in the business or growth in percent of equity in the business. Business growth or money to reduce debt is equal to business profits minus taxes minus personal consumption. Farmers and lenders to not like surprises. Frank talk and alternative plans should be the hallmark of borrower and lender relations.
Lenders can be helpful financial advisors.
But your farm management advice is best obtained from someone with no vested interest in your decisions. Do not ask the atrazine salesman what corn herbicide to use, but ask the herbicide salesman about the price of their product and how best to use it. Lenders need to be first concerned about your solvency and cash flow while you first need to be concerned about your profitability. Solvency and cash flow can follow profitability. While your objectives may be different from your lenders you must have good communication and understanding.