A dairy financial consultant says it is more challenging for dairy farmers to expand now.
Matthew Lange
Matthew Lange with Compeer Financial says lenders have to look at everything much closer now. “Some of the investments that we might normally be willing to make right up front, we have to do a little bit more analysis on to say whether it’s really going to have the return (on investment) that we think it’s going to have.”
Farmers that want to expand can no longer simply draw up plans, go to the lenders, and start building like they did a few years ago.