Farm Business & Financial Management
Farm Debt Restructuring Guide
A guide to the steps in restructuring farm debt, from gathering records to talking with lenders. Helps owners prepare, and does not replace professional advice.
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GuideFarm Business & Financial ManagementFree PDF
The steps on this page
- List every debt, lender and balance
- Build a current balance sheet
- Prepare a realistic cash flow plan
- Talk with your lender early
- Ask about available options
- Consider mediation services
- Get advice from a farm attorney
- Record all agreements in writing
- Follow the revised plan
How to use this guide
Read the steps once through before you start, then keep the page nearby while you work. Use the notes lines to add what your own setup needs.
Where to check the details
This sheet is a general template, so confirm specifics with your own manuals, labels and local rules. For current official guidance, start with FSA Farm Loans and Farm Aid.
For more in this area, see the farm money and loan guides. Between chores, farm.FM has farm humor, including Farm Debt Hits $605 Billion; Bankers Celebrate, and agribusiness farm stories.