Angus Underground

Ag Lending and Finance with Kevin Renwick

Episode Notes

The crew begins by addressing a listener message concerning the selection of sires for breeding and the importance of pairing compatible bulls with appropriate cows. They then introduce Kevin Renwick from Monadnock Ranch, a family-owned Black Angus cattle operation situated in South Carolina’s Midlands. Kevin shares insights into their process of achieving the desired biological type and also discusses his role as a loan officer at AgSouth Farm Credit. He talks about the advantages of utilizing operating loans as a strategic tool, the positive outcomes of fostering a personal connection with one’s lender, and a few of the benefits of working with AgSouth. Kevin also details the documents and info that producers should have together and available when looking for the first time to secure a loan.

Mentioned in this Episode:

MontanaRanchAngus.com

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Quotes:

“I think about my role as a seed stock producer. And my role as a seed stock producer is to produce seed stock for commercial cattlemen. And what they want is animals that cause them the least amount of problems.” [9:00]
“Keep it simple. I can tell you mating cows for me has never been easier since I came up with where I wanted, to this endpoint that I wanted to be at, and knew the cows that I wanted on both sides of the pedigree. I mean it's almost idiot-proof at this point.” [10:04]
“I wouldn't advocate anybody borrowing money just for the sake of it. I think it needs to be kind of a holistic decision when it comes to that.” — Kevin [27:42]
“Having that relationship with your lender is really, really handy if you plan on being in this business for a long time.” [42:48]
“I tell people this all the time, we don’t want your farm. We don’t let you not make loans to get your farm. So we’re going to work any way possible for you to pay that debt back, restructure your loan, whatever.” — Kevin [47:44]