It’s the rise before the fall. How will you maintain access to capital and keep credit lines open before commodity prices drop later this year? On this Uplevel Dairy Podcast, Peggy Coffeen sits down with Jay Joy from Bridgeforth LLP to tell us what his forward-thinking dairy clients are doing right now to prepare, including the five key numbers your banker really wants you to know.
What you’ll learn:
o What cash reserves will look like in late 2023
o The five actions financially savvy dairies are taking right now
o What the banker wants from you to keep your credit lines open
o The five key numbers your banker really cares about
Sponsor: This episode is sponsored by Uplevel Dairy Founding Partner Bridgeforth LLP. Bridgeforth LLP is the bridge that connects and supports farm and agribusiness family enterprises through critical stages of growth, transition and succession. Their advisor team provides financial, operational and management advising to farms and agribusinesses in all livestock and crop production sectors.
Episode links:
Listen to the Uplevel Dairy Podcast on Apple Podcasts, Spotify and Amazon Music.
Watch the podcast video on the Uplevel Dairy YouTube channel.
The Uplevel Dairy Podcast hosted by Peggy Coffeen is the podcast for dairy owners and managers looking to take their business, management and leadership to the next level. Learn from other dairy managers and hear from industry experts on employee management, finance, family business and more. Visit UplevelDairy.com, and find the Uplevel Dairy Podcast on Apple Podcasts, Spotify, Amazon Music and YouTube.
