Like most other aspects of pork production, the financial side presents changes as well. Tom Vincent, senior financial services executive, AgStar Financial Services, says there are certain attributes you should expect from your lender and the financial institution with which you do business.


  • Have a good sense that the individual you deal with is your advocate.
  • Deal with a lender that has more than one pork production loan so that he or she possess some under-standing of the business.
  • Deal with a lender that is large enough to handle your needs today and into the future. Identify your lending limits and hold to those limits.
  • A lender should provide you with more financial services than just loaning money, such as:

    • Ways to move and invest cash
    • Employee benefit and payroll needs
    • Insurance needs
    • Retirement planning needs
    • Make sure that you are getting competitive terms, rates and loan structures.
    • Is your lender familiar with or involved in some kind of system or alliance program?
    • Is the institution stable?
    • Does he/she take a relationship approach to your situation?
    • Make an effort to know more than one person at your financial institution.
    • Don't be afraid to ask, "What would it take to doà?"