Harvest is coming to a close and a leader with Farm Credit Mid-America says it’s not too early to plan for 2023.
Steve Witges, senior vice president of ag lending, is encouraging farmers to consistently complete year-end financial statements.
“One of the most critical aspects of understanding one’s financial position and the financial capacity of a farm is being very consistent completing financial statements. If you’re an LLC or single entity operation and you file a tax return and December 31 is your year end, it’s so critical to do a corresponding financial statement,” he says.
