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
As I try to catch up on my writing after being on the road for a lengthy time, I have several recurring themes in my legal work. Another potpourri of random ag law and tax issues — that is the topic of today’s Firm to Farm blog post by RFD-TV Agrilegal Expert Roger McEowen.

Marion is a digital content manager for RFD-TV and The Cowboy Channel. She started working for Rural Media Group in May 2022, adding a decade of experience in the digital side of broadcast media and some cooking experience to the team.

LATEST STORIES BY THIS AUTHOR:

Sen. Roger Marshall, a founding member and chairman of the Make America Healthy Again caucus, joined us with his thoughts on the commission’s latest report and the key ag-related issues.
Produce markets are in transition as fall approaches, with leafy greens and berries under pressure, while vegetables like celery, broccoli, and cauliflower are finding firmer ground.
Grain shippers face lower freight values thanks to weak soybean exports and strong rail service, but barge traffic and forward Gulf loadings suggest continued uncertainty as harvest ramps up.
It’s been a decade since Hurricane Rita ripped through southwest Louisiana, and recovery has been a long, difficult process for many who have lived in the coastal area. Today, oyster farming offers a pearl of hope.
Katelyn joined us on Wednesday’s Market Day Report to discuss her upcoming episode of Dirt Diaries: The FarmHER + RanchHER Podcast and share her ag journey.
California rancher and former NCBA President Kevin Kester joined House Republicans on Tuesday to tout provisions in the Big, Beautiful Bill that support family ranches.