Answering Your Questions About Credit with Holly Gates and Josh McBride

AgCredit Regional Managers Holly Gates & Josh McBride have 45+ years of experience in farm loans and bring unique expertise in lending for starting farmers. 

Here’s a glance at this episode:

• [05:39] Josh and Holly explain the structure of the credit department at AgCredit and what their day-to-day roles and responsibilities entail.
• [09:30] As credit analysts, Josh explains that looking at a customer’s credit score is just “one piece of the pie” when it comes to obtaining credit or getting a loan.
• [12:11] Josh explains why AgCredit is considered a cash flow lender, meaning that credit decisions are based on your expected cash flow in the future.
• [13:09] Holly describes the loan request process and what the credit department looks for in certain scenarios.
• [15:59] Having previously worked at the Farm Service Agency (FSA), Holly explains how AgCredit works with other farmer lending institutions and programs to offer borrowers the best solution.
• [17:50] Holly explains what the FSA Guarantee program is and the benefits of this type of loan for young, beginning and small farmers.
• [23:07] Holly gives insight on future government program funding in light of increasing land prices and interest rate hikes.[26:01] Josh discusses the correlation between increased interest rates and inflation.
• [28:50] Discussing fixed versus variable rates, Josh highlights the Ohio Ag Link Loan Program, which helps borrowers obtain a fixed-rate operating line of credit.
• [32:51] Josh and Holly end with their best advice for young farmers to help set themselves up for success.

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Bios

Guest: Holly Gates

Holly is a regional manager at AgCredit and has been with AgCredit for nine years. Her previous career was with the Farm Service Agency where she made farm loans for the federal government in Tiffin.

Guest: Josh McBride

Josh is a regional manager for AgCredit and has been here for 12 years. He began his career with AgCredit as an account officer and worked in several different roles before becoming a regional manager. He also helps on his family farm in Hardin County.

Host: Matt Adams

Matt serves Paulding County as an account officer at AgCredit. He has worked in ag lending for over four years and previously worked in farm equipment sales for 11 years. He and his wife farm in northwest Ohio with their two daughters and son. His favorite part about AgCredit is the people. From the member-borrowers to the internal team at AgCredit, every day keeps getting better. Matt hopes to bring insights into ag lending and some laughs to the AgCredit Said It podcast.

Host: Brenna Finnegan

Brenna has been an account officer serving Lorain, Huron and Erie Counties for four years. She’s worked in the agricultural industry for over 17 years with experience in livestock production, specialty crop production, seed production, and processing/distribution. She grew up on a small family farm raising row crops and cattle. She currently has her own herd of beef cattle that she breeds and sells as show stock calves for 4-H and FFA members. At AgCredit, Brenna enjoys being able to work directly with the local farmers and especially helping young farmers achieve something that they didn’t think they could.