Ag lenders stick to the fundamentals in time of drought
The worsening drought is cause for concern for all. But for agricultural loan lenders, it’s all about risk management. Keith Hesterberg, CEO of Fresno Madera Farm Credit, said that although the experience in dealing with drought hasn’t changed, the surrounding issues have grown more complicated. … Lenders need to understand the water basin that growers are operating in and the underlying diversity of their operations. Water operations can change year to year depending on the challenges for the given season.