Spring Into a Successful Ag Season

With planting season right around the corner, CNB wants to provide the support you need to have your farm be successful. We offer many tools to aid you.

• A line of credit will offer you the flexibility you need to support your cashflow. Contact an ag lender to discuss your needs. To apply you’ll need an updated financial statement as of Dec. 31, 2023, a copy of your 2023 tax return with all schedules and an estimated crop budget.
• As a “preferred lender” for the USDA’s Farm Service Agency (FSA), we can offer Beginning Farmer loans and long-term, fixed rates on real estate that may mitigate interest rate risk for your operation.
• Ask us about financing or even leasing your equipment. With up to 100% financing available and fixed rates, most leases can be structured to meet tax objectives. Consult a tax advisor.

Crop Insurance Updates:

• The plant date for coverage of soybeans has been moved up in our area. For most of central Ohio, it’s April 15. Replant coverage is available under Revenue Protection and Yield Protection policies if you plant on or after this date.
• If you’re adding any land to your policy, it needs to be updated and signed by April 29, 2024.
• Double crop soybean coverage was a new option for many counties this year. If you missed the deadline of March 15 for this year, consider it for 2025.

For more info on crop insurance updates and the upcoming farm bill, check out our video featuring Jason Williamson of Williamson Insurance.