Agriculture Financial Services Corporation says there are “a number of options available to help clients with cash flow challenges” because of the poor growing season and dismal harvest.
“This year, eligible clients can take advantage of a Post-Harvest Advance or a Preliminary Payment, and receive a portion of their estimated claim as an early payment, within days of submitting a Harvested Production Report,” AFSC said in a release.
“For clients facing financial strain caused by challenges this season, AFSC will consider deferring loan payments, on a case-by-case basis.”
It will also extend insurance coverage for unharvested crops until they can be combined in the spring “or managed by other means.”
Those with a large percentage of insured, but unharvested, acres may be eligible for an Unharvested Acreage Benefit, it said.