How Does Refinancing Affect Your Balance Sheet?
Refinancing can be a useful tool for farms and ranches to improve cash flow, reducing debt payments that you are expected to make in the next year by extending the length over which a loan is repaid or reducing the interest rate on the loan. While refinancing improves cash flow, refinancing also impacts your balance sheet. Take a closer look at what changes you can expect to see on your balance sheet in Extension Educator and Agricultural Systems Economist Jessica Groskopf’s refinancing analysis.
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