- Before
- “Every February I turn into a file clerk for eight weeks.” 58 operating lines renew between 15 Feb and 1 Apr, at about six hours of preparation each.
- Now
- Opens each file prepared — spread, cash flow, insurance, filings and a drafted memo — and spends the time on the four things that need his judgement.
One operating line, from last year’s file to approved
Brandt Family Farms — 2,840 acres of corn and soybeans in Calder County — has a $1,450,000 operating line maturing 1 March 2027 and asks for $1,650,000. It is Monday 8 February. Here is what happens next, screen by screen, in the working solution.
- 01Monday 8 Feb
The whole season, on one calendar
Owen Lindqvist · Ag loan officerOwen opens the solution to the renewal season, October to April: 89 operating lines, $75.7M. 31 renewed in the fall; 58 are due before planting, $53.4M — 9 renewed, 14 ready to sign, 6 at risk. Each week is shaded by the dollars due and outlined by readiness: spreads on top, crop plan on the right, insurance on the bottom, inventory counted on the left.
“Late February: 30 of 41 renewals ready · the rest are expected by 22 Feb.”
- 02Since 14 Oct
A package that assembled itself
The agentsBrandt’s renewal package was opened on 14 Oct, 20 weeks before maturity, with 11 documents carried forward from the 2026 file. Harvest results landed 2 Nov, the grain was counted on 18 Jan — 98,000 bu of corn in 4 bins — spreads came in 2 Feb, the lien search 5 Feb, and the 2027 crop plan at 07:12 this morning. Three of its four readiness checks are in; insurance is expected 17 Feb.
Overnight: “07:12 Brandt Family Farms — crop plan in — 3 of 4 checks, insurance expected 17 Feb.”
- 03One click
Prepare renewal — and four things that need judgement
Owen Lindqvist · Ag loan officerOwen presses Prepare renewal. Six agents read 23 documents: the statements are spread, 2026 is compared with its plan, the 2027 cash flow is built at the price deck, insurance and filings are checked, a borrower request and the memo are drafted. Four flags come back, each with its evidence: carryover on the line, coverage below 1.25x, a lien filing that lapses 12 Mar, and 320 rented acres not on the crop insurance.
“The line stood at $588,400 on 31 Dec. The 98,000 bushels of corn still in the bins are worth $401,800 at $4.10, so $186,600 is true carryover.”
- 04Next
The 2027 cash flow, at the bank’s price deck
Crop plan and cash flow builderAt $4.20 corn and $10.40 soybeans, gross revenue is $2,221,712 and capacity for debt service $400,592 — against $339,515 of term payments once the carryover is termed out. Coverage is 1.18x, below the 1.25x minimum. The coverage calculator shows corn has to reach $4.28 to clear it, and peak line use is $1,548,000 in August, inside the request.
- 05Next
Insurance and liens, checked acre by acre
Insurance and collateral checkerThe schedule of insurance covers 1,240 of 1,560 acres of corn: the Halvorsen farm’s 320 acres are missing, and the 2027 assignment of indemnity is not signed — with the sales closing date 35 days away. The financing statement on crops and equipment, IA 2022-0312-4471, lapses 12 Mar 2027; the continuation is drafted for loan administration to file.
The checker drafts continuations — it never files them, and never counts unassigned insurance as security.
- 06Drafted
The memo, with what changed since last year
Renewal memo writerRequest, what 2026 did against its plan, the carryover and its treatment, the 2027 plan and repayment, insurance and collateral, the policy exception with its mitigants and the recommendation — every figure numbered back to its document. Proposed terms: $1,650,000 to 1 Mar 2028 at prime + 0.10%, and a $186,600 carryover term loan over 5 years at 7.25% fixed, $45,815 a year.
- 07Recommended
One more condition, then his signature
Owen Lindqvist · Ag loan officerOwen adds the condition the cash flow builder suggested — sell or contract 40,000 bu of stored corn by 31 Mar, about $164,000 to the line — bringing the memo to seven conditions. He recommends and signs, with the meaning of his signature recorded: “I have reviewed the file and recommend these terms.”
“It is above your $1,500,000 authority and needs a policy exception for coverage of 1.18x, so it goes to Marta Hensley to approve.”
- 08Approved · 8 Feb
Approved with the exception, three weeks early
Marta Hensley · Ag Lending ManagerMarta approves the renewal and the coverage exception. The file goes to Gus Ferreira in loan administration to book, with the continuation to file and the assignment to record. Every step — the agents’ work, Owen’s condition, his recommendation, Marta’s approval — is on the file’s activity trail.
“Renewed on 8 Feb — 21 days before maturity and about ten weeks before planting.”
- 09Projected
Late February turns green
Owen Lindqvist · Ag loan officerBack on the season calendar, Owen runs Project to planting. On the agents’ expected dates for each missing document, the late-February weeks flip from amber to green: all 41 renewals ready on 22 Feb.
“All 41 renewals ready · the late-February weeks complete on 22 Feb, a week before 1 March and eight weeks before planting.”