Ag & Business Legal Strategies: Tips to Boost Approval Odds for 2026 Operating Line of Credit Applications

Joe Peiffer with Ag & Business Legal Strategies advises farmers on end-of-year financial planning, including preparing records, avoiding common credit mistakes, and evaluating equipment purchases for 2026.

WASHINGTON, D.C. (RFD-TV) — As the year winds down, many farmers are taking a close look at their balance sheets and cash-flow records to prepare for tax season and make smart decisions about input purchases for the year ahead. With 2026 operating line of credit applications underway, financial planning is top of mind across the countryside.

Joe Peiffer with Ag & Business Legal Strategies joined us on Monday’s Market Day Report to offer timely end-of-year guidance.

In his interview with RFD-TV News, Peiffer outlined the key records and materials farmers need to have updated before applying for their 2026 operating line of credit. He also discussed some of the most common mistakes producers make during the application process and how avoiding those pitfalls can improve their chances of approval.

Peiffer addressed the frequent end-of-year rush to purchase equipment in hopes of claiming capital expenses on spring tax returns. He shared several important factors farmers should weigh when deciding whether to buy now or hold off until next year. He also explained how a producer’s current debt load should influence that decision.

Finally, Peiffer cautioned farmers to think carefully before making a purchase they are only “mostly sure” they need before the end of the year, highlighting why the perceived tax advantage may not outweigh long-term financial considerations.

Related Stories
Farm legal and taxation expert Roger McEowen briefly discusses a range of topics related to farm-related taxes, estate planning, and farm transitions.
Recurring (and recent) tax and legal issues impacting farmers and ranchers – it’s the topic of today’s Firm to Farm blog post by farm legal and tax expert Roger McEowen with the Washburn School of Law.
Farm legal and taxation expert Roger McEowen discusses tariffs’ impacts on agriculture, deferred payment contracts, tax easement issues, and the rise in warrantless searches on farms and ranches.

Marion is a digital content manager for RFD News and FarmHER + RanchHER. She started working for Rural Media Group in May 2022, bringing a decade of digital experience in broadcast media and some cooking experience to the team.

LATEST STORIES BY THIS AUTHOR:

Jeramy Stephens, with National Land Realty, says that despite today’s economic headwinds, farmland remains a resilient asset — and understanding local conditions is key to making sound decisions.
“MAKE SOYBEANS, AND OTHER ROW CROPS, GREAT AGAIN!”
FarmHER Christina Woerner McInnis joined us to discuss the next episode of “FarmHER + RanchHER” and her decision to run for Alabama Ag Commissioner.
The U.S. pork industry is staying vigilant in keeping its supply safe from foreign animal diseases like African Swine Fever.
Taiwan’s pledge to expand imports strengthens export prospects for U.S. row crops, livestock products, and specialty commodities, while the USDA’s broader trade push seeks to diversify farm markets globally.
“American soybean farmers—who are already reeling from your sweeping tariffs—deserve better.”