Why Personalized Service Matters in An Ag Lender
When you need a loan for your farm, picking the right lender is key. A good ag lender like United Farm Mortgage gives you more than just money. They offer a service shaped just for you. They look at what makes your farm special and use that to build a perfect loan plan. This means […]
How Much Can a Farmer Write Off on Taxes?
You might wonder what tax breaks you have as a farmer. Of course, the specifics vary based on your situation, but generally speaking, farmers can deduct quite a bit. From seeds and livestock to equipment repairs and fuel costs, these expenses can reduce taxable income significantly. Deductions matter because they directly cut down how much […]
Why AG Lenders Look at Credit Scores
AG lenders look at credit scores because they want to know if you can pay back the money. This score tells them how likely it is that you will do this on time. For long-term agricultural loans or buying farmland, a good credit score helps a lot. It opens up better options for borrowing money […]
Your New Year Farm Financial Checklist
As the new year starts, you might be thinking about your farm’s financial health. Start by examining your cash flow from last year to spot where changes can make a difference. Then, turn to succession planning, which is crucial for farms’ future success. If needed, begin these discussions or update existing plans. Due diligence warrants […]
What’s The Difference Between Private Ag Lenders and Traditional Banks?
Navigating the world of agricultural finance can be complex. Farmers often weigh options between private ag lenders and traditional banks when seeking farm mortgage loans or funds for farmland. Unlike mainstream commercial banks, private lenders specialize in agriculture, offering tailored solutions that address unique farming needs. Moreover, organizations like United Farm Mortgage provide agricultural loan […]
Essential Farm Records and Data You Need to Be Tracking
Picture yourself as a successful farmer. You’re facing multiple tasks daily, from feeding animals to crop rotation. Among these responsibilities lies the critical task of tracking your farm records and data for optimized efficiency on the field. This might include livestock details, financials, inventory lists, or planting schedules. An endeavor that may seem taxing but […]
Tips to Create a Farm Marketing Plan
Creating a strategic farming business can be daunting, but there are some steps that will help get you started. Research the strategies of competitors to understand what works best for them. Identify who will likely purchase your products so you know whom you’re targeting with any campaigns or promotions. Lastly, it’s important to analyze customer […]
10 Things to Consider When Raising Cattle for Profit
From sourcing cows and leasing land to setting up a ranch and taking out loans, there are a lot of moving pieces. To get started on the right track, here are 10 key things you need to consider when raising cattle for your business venture. First off, learn about beef production systems so you can […]
Most Profitable Nut Trees to Grow
Are you looking to make a profitable investment? Growing nut trees can be an enticing option for many entrepreneurs and farmers. Nuts are considered high-value crops, with some varieties fetching prices up to ten times higher than other commodities. Some of the most common types include almonds, macadamia nuts, walnuts, pecans, and hazelnuts, each having […]
Commercial Farm Loans vs. Residential Loans: What’s the Difference?
While residential and commercial farm loans may seem similar at first glance, they possess distinct characteristics that set them apart. When seeking a commercial loan for a farm or any business venture, lenders consider two crucial factors. Firstly, they assess the borrower’s credit score. Secondly, they evaluate the borrower’s ability to make timely payments based […]