Banking Opportunities Growing on the Farm
September 14, 2022 · 1 min read
financerisk management
With mortgage, auto and other loan markets slowing, agricultural businesses may offer community institutions a new way to reap profits.
by Jim O'Brien
August 08, 2022 · 1 min read
Agricultural lending differs in several key aspects, from duration to data to due diligence.
As farms get larger and run more like corporations, there is the need for more efficient loan processes, volume discounts and digital services that are not just “nice to haves,” but requirements.
Additionally, the agriculture industry is becoming more technologically advanced. To remain competitive among today’s modern farmers, agrifinance institutions must embrace digital banking practices by sharpening the digital pre-qualification or preapproval processes.
BankBeat recently spoke with Jim O’Brien, Co-founder and CEO of Agrograph, about why banks need to step up their technology.
Read the full article here!