112: Investing in Your Agricultural Future: Navigating Banking and Financial Strategy

Written By Jonathon Haralson

Join us for an insightful episode where we explore the essential steps farmers and ranchers must take to secure their financial future and thrive in today's ever-changing agricultural landscape. Our host, Jonathon Haralson, delves into the critical need for agricultural entrepreneurs to invest in themselves and their businesses, emphasizing the importance of seeking support and resources to adapt to industry dynamics and safeguard operations. Discover the keys to building strong relationships with bankers and effectively communicating financial needs and plans to secure necessary funding. Gain valuable insights into maintaining clear and accurate financial records for banking and refinancing purposes, including budgeting, cost structure evaluation, and past performance analysis. Learn how to make calculated, non-emotional decisions based on financial data, including developing a robust marketing plan, pricing inputs, and implementing systems to protect against billing errors from suppliers. Tune in to empower yourself with the knowledge and strategies needed to succeed in today's agricultural economy.

Jonathon Haralson

Jonathon Haralson, a sixth generation farmer by heritage, and he started farming his own operation from scratch in 2009.

Growing up, Jonathon’s family raised cattle, wheat, hay, and grew pecans. He grew up, alongside his brother, watching his Grandfather and Dad work from sun-up to sun-down on the family farm and grow yard. As time passed by, the market volatility became greater and the banking stress became greater, and Jonathon witnessed the fall of his family’s farming operation when he was just a child. He saw his dreams of continuing to build his family’s farming empire disappear as he watched his family’s equity and land auctioned off piece by piece. It’s something Jonathon never wanted to see happen to another family.

By the grace of God, Jonathon now educates farmers and ranchers about commodities, so they can spend more time out in the field and with their families.

https://youragempire.com
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113 Holly Haralson: Farm Assist and Family
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111 Shaye Reilly: Rural Resiliency and Mental Health