FSA Encourages Farmers to Prepare for Upcoming New Year

FSA Encourages Farmers to Prepare for Upcoming New Year

December 9, 2021 Farm News News -- KRJB-KRJM-KKCQ 0

By: Mary Balstad marybalstad@rjbroadcasting.com

Minnesota – The FSA Offices in the state of Minnesota will be kept extremely busy these upcoming weeks in preparation for the new year. Because of the increase in paperwork, FSA encourages farm business owners to have all necessary strategies for 2022 ready. Senior Loan Officer with FSA Julie Kolodji explains these strategies can include extensive record keeping for income and expenses.

Kolodji also highlights using the financial and production records as a tool to compare the current year to previous ones. By doing so, a cash flow plan will assist in finding the best plan for the upcoming 2022 farming year. Kolodji covers other tools FSA offers for record keeping.

More information about FSA’s farm loan program and tools go to www.farmers.gov.