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Role of a strategic plan has never been more important

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  • Gallagher, Cornelius

Abstract

Strategic planning empowers American agriculture and allows it to proactively manage new opportunities and risks. Strategic planning visualizes the broad range of possibilities to help anticipate and prepare for change. For lenders to effectively serve the evolving agricultural marketplace, lenders need to have information in their portfolios about input suppliers and farm product processors. If ag bankers are going to adapt with the changes in the marketplace, their portfolios need to reflect the evolving nature of business.

Suggested Citation

  • Gallagher, Cornelius, 2002. "Role of a strategic plan has never been more important," American Bankers Association, American Bankers Association > Journal of Agricultural Lending, vol. 15(4).
    • Handle: RePEc:ags:abajal:336640
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    File URL: https://ageconsearch.umn.edu/record/336640/files/ers2022-23-0598.pdf
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