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Author: Scott WegmannVICE PRESIDENT/BRANCH MANAGER (NMLS ID# 675697)

Taking care of our commercial customers is one of my top priorities. I work hard to make sure you have everything you need to make the most of our commercial services. That means providing you with agricultural & commercial credit advice. I can also work with you on mortgage or consumer loans.

Expertise: Entrepreneurs & Start Ups Leadership Money & Metrics

Articles posted by Scott Wegmann

Current Year Cost of Production Estimates for Corn & Soybeans

Posted by Scott WegmannPosted on April 10, 2022Ag

Ag Decision Maker through Iowa State University Extension and Outreach released cost estimates of crop and pasture maintenance for the 2022 year. While the estimates cannot be tailored to each individual farm, they are an average of what a typical farmer can expect. Larger farms and smaller farms may be further away from the estimates due to their fixed costs. … Read More

Considerations Before Making Capital Purchases

Posted by Scott WegmannPosted on March 19, 2022Ag

As you know, every farm is different. Because of this, the considerations for capital purchases vary from farm to farm, but there are some general guidelines everyone can follow to create a responsible expenditure plan. Before purchasing that new tractor, building, or piece of land, creating a plan is necessary to remain financially secure. This plan might include tracking costs, … Read More

Flexibility in the Workplace

Posted by Scott WegmannPosted on February 11, 2022Recruitment & Retention

Flexible work environments, hours, and management have been hot-button issues over the last two years. More people are working remotely than ever before, and people are demanding what they want from their workplace. In the middle of a labor shortage, employees are not settling for pre-2020 work conditions. They want flexibility in more ways than just working remotely. Environments When … Read More

Importance of Sharing Financials with Your Ag Lender

Posted by Scott WegmannPosted on October 25, 2021Ag

While the agriculture business is founded on principles of independence, when it comes to finances it is important to let your lender see the details. Sharing your financials with your agriculture lender is important for building a lasting relationship with the lender. When you are open about your finances, you open the lines of communication, which builds trust, and the … Read More

The First Rule of Your Organization Needs to Be Trust

Posted by Scott WegmannPosted on April 14, 2021Leadership, Operations & Processes

Relationships, whether personal or professional, are built on trust. This is true in business for employee relationships as well as customer relationships. Employees need to trust each other and their superiors, and consumers need to trust the brands in which they invest. The rule of trust builds a foundation for a successful business, and you can build trust through transparency, … Read More

Remote Work – Why it works and Why it doesn’t

Posted by Scott WegmannPosted on December 10, 2020Operations & Processes

Nearly 42% of the U.S. labor force is now working from home full time according to Nicholas Bloom, an economist at Stanford. With such a large portion of the country running businesses from home, is it more beneficial to work from home or stay in the office? Keep reading to learn about how working remotely works well and how it … Read More

Do You Really Need A Fancy Office To Run Your Business?

Posted by Scott WegmannPosted on May 5, 2020Money & Metrics

do you need fancy office to run your business

When you first start a business, one of the most important choices you will have to make is about where your business is located. Can your business function out of your home office, a storefront, or a formal office? Each business is different and requires different spaces to interact with their customers, while also providing a space for employees. Another … Read More

Types of Business Loans

Posted by Scott WegmannPosted on November 4, 2019Money & Metrics

Starting a business is exciting, but you most likely don’t have the funding to get everything going right away. Looking into which type of loan you might need can be daunting if you don’t know exactly what would be best for your new business. There are several types of loans to consider: SBA Loans SBA loans are loans that are … Read More