MinnStar Bank Senior Vice President Kent Thiesse says an accurate and up-to-date year-end balance sheet are critically important. “First of all, I think it’s good for your farm business,” said Thiesse. “Ag lenders are going to require at a minimum, a balance sheet and cash flow for the year. A lot like to do an end-of-the-year analysis from the year before as well.” Lenders will need these items for loan documentation, but they are also helpful tools for the farmer.
