How many farmers have secured funding for 2020?

Question

Location and if trade and covid 19 are issues.

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Alabama . Not yet

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Got it in January in South Arkansas.

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NC. No. Even the chemical man called asking about balance on winter crops. Apparently money about to get extremely tight.

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All sent fbn for seed and chems

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Cash rent was due march1.. if I didn’t have it done by then, that would have been a problem...

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Renewed with no issues in March.  Central Indiana

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No problem here in North Texas secured in early March.

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Started the process in Jan but the bank was so backed up with requests for notes we still haven't gotten it officially yet. A few cashiers checks have kept us current on the most important bills (like rent).
**.

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Yes

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Thanks FBN for zero interest till Jan 21

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Have my own.

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No all are going to get refinanced I heard in our area now they should not have waited this long

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FBN turned down my application. So no.

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No issues here.

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Anonymous ( IN)
no problem, early Jan.

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Renewed in January cash rents were due mid March to April 1st

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Renewed in mid February.  No real issues but things will be tight, especially now, with all that is going on.

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Self financed so all is good here in Indiana.

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Switched from self funded to 350 per acre of LOC last week with no problems.

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Southeast Arkansas. Signed in February.

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No issues here for us.  But some are having problems ive heard.

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Was told by end of March at beginning of March, was doing a full refi.  With Covid 19 all I hear is crickets.  Was non bank money but most of money is coming out of New York and it is a real mess up there.

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Renewed in January, not a proplem.  Prepaid fertilizer so they would bring it in and have it on hand.  Also, rent was due April, 1.  Covid19 not an issue here yet, but counties just south of us have begun to diagnose cases.

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Renewed in Jan.  No issues.

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No in my 41 years of farming this ranks 1st in difficulty finding financing! Those tariffs really hurt the farmers!! Now ***** 19

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Yes. Took longer than normal due to a big loss in 2019  on top of expanding acres for 2020. Otherwise just signed via dock-sign

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Just enough so l have to farm another year!!!!

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FBN has been great, who else can you order from at 0% online and pick up at your convenience! Bank line renewed in April here and getting a solar system note on the farm side! Covid has only skewed the markets, otherwise lack of funding is procrastination in my belief or poor credit. Hopefully this SBA package can possibly benefit some farmers!

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CO. Yes. My operating note renews in January. Between that, some cash, and my FBN line I’ll be okay. Not a lot of room for wiggle but should be fine.

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How many farmers have secured funding for 2020?

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