After another year of low crop and livestock prices in 2016, and few prospects for a sudden rebound in 2017, Iowa farmers are huddling with their lenders, working to structure their finances for a changed economic environment before the planting season, agricultural lenders said last week.

Farmers are working with lenders to restructure loans to reduce near-term payments and conserve cash flow. They are looking hard at all farm expenses and adjusting them to the current...