November 2017

By Kathy Daily

I've been in agricultural lending for 28 years, and rarely do I have a farmer tell me that his daughter wants to take over the farm when he retires. Honestly, I don't think it even occurs to most farmers to even ask their daughters if they are interested. I have seen quite a few daughters and son-in-law's take over the farm, but not too many daughters on their own. Learn More.


Amortization is the gradual repayment of debt over a period of time, such as payments on a mortgage. This isn't to be confused with the term of the loan. If the term and amortization are the same, than your loan will be paid in full at the end of your loan. If the term of the loan is less than the amortization than you will have a balloon payment at the end of your loan. Is not uncommon for banks to set your payments up based on a 25 or 30 year amortization, but set the maturity of your loan for 15 years. In this scenario the last 10 or 15 years of payments will be due in the 15th year. At that point, most people refinance the balloon balance. The advantage to doing it this way is that you get a smaller payment, and it is certainly okay to do so. Just be aware of how your loan is structured to ensure you don't have any surprises.


Cheese platters are always around at holiday party gatherings because they're easy holiday appetizers for a crowd (and everyone loves cheese!). These cheese balls are no exception. With only 15 minutes of prep time, you can make delicious fancy-looking Holiday Cheese Truffles for your guests. Get the recipe.