Tanner Winterhof grew up on a farm in Iowa. It is because of the family farm he fell in love with finance. He would go to the bank with his father to discuss the farm’s finances. He received a degree in business administration and financial services.
Winterhof does his best to help farmers succeed. Regardless of the whole experience, going to the bank to secure a loan is a nerve-racking experience. Tanner Winterhof explains that starting a relationship with the lender is the best first move.
Discuss the investments, a timeline, and documentation needed. Next, write your narrative to speed up the underwriting process, Tanner Winterhof adds. Oversharing with your lender, in this case, is a positive thing. Sharing all the details about your investment will be beneficial.
Remember to keep the lines of communication open, and lastly, Tanner Winterhof states do not be afraid to follow up. In addition to a bank setting, he provides farmers with valuable information on his podcast Farm4Profit. The goal is to provide farmers with information to increase their bottom line.
The podcast covers a topic regarding the newest techniques and tips, Tanner Winterhof finally adds. The topics include everything from how to create an online brand for your farm to the impact of cryptocurrency on the agriculture industry. In addition to the podcast, Farm4Profit offers a newsletter with more tips on how to run a successful business.