Editor’s note: John and Heather are not providing legal advice. They are sharing what they have learned from their years as bankers working with farmers and ranchers. This spring, the ag press has been filled with breathless articles about the future direction of commodity prices.

As a producer, it is very likely you have had to borrow money from a bank at least once in your career. In addition to having the necessary collateral, farming experience, good credit and many other requirements, your banker probably told you that you have to produce “good” financial statements for their review at least once a year.

As a result of the pandemic, bankers are thinking about new lending risks Good riddance, 2020. Everybody, including bankers, had to learn how to do things differently last year.