The Importance of Financial Planning for Farmers
Financial planning for farmers involves developing strategies and plans that will shape their long-term success in the agricultural industry. Achieving these goals requires understanding how loans work and what kind of farm loans are available, both short-term and long-term. Having knowledge about loan terms is crucial before deciding which type best fits an individual farmer’s […]
Mistakes to Avoid When Seeking an Agricultural Loan
You’ve decided to take the plunge and apply for an agricultural loan or land mortgage. Before you go about your application, it pays to know what mistakes might be tripping up applicants. From overlooking key paperwork in the process to not understanding all aspects of repayment structures. Familiarize yourself with common blunders that can delay […]
4 Rules for Refinancing Your Farm
Refinancing your farm can be a complicated process. Knowing the right rules will help make it easier, allowing you to maximize savings without compromising quality. The Rule of 90 The Rule of 90 helps create a balance between the length of a real estate loan and the amount you can borrow against your land’s value. To […]
Six Tips for Women in Agribusiness
Are you a woman interested in starting an agribusiness? Taking the first steps can be intimidating, but with these tips and resources, you can set yourself up for success. Start by researching all that is involved to become knowledgeable in your industry so you’re prepared ahead of time. Connecting with other women may open new […]
Five Ways to Mitigate Farming’s Risks
You understand the risks of farming, from unpredictable changes in weather to market volatility. To keep your business on track while navigating these difficult times, it’s important to plan and have a strategy for mitigating risks before they become an issue. Proper planning is essential to maintain financial stability now and in the future. Diversify […]
Does Your Farm Need to Expand?
You’ve been running your farm for years, but now you think it’s time to expand. That means securing more acreage and purchasing extra equipment, which costs money. But how do you get the financing you need? Farmland loans are one option, allowing farmers to secure funds for expansion projects or to replace aging farm equipment. […]
Five Tips to Remember When Negotiating with Ag Lenders
Negotiations can be daunting when dealing with lenders, whether you’re a farmer or not. The best way to win their trust and get a deal that works for all sides is by employing effective negotiation tactics. Here are five tips to keep in mind when negotiating with agricultural lenders: 1. Understand the Lender’s Goals and […]
Five Important Factors to Consider When Buying a Property in a Rural Location
When it comes to buying property, there are certain considerations that a person should think through if they plan on purchasing in rural locations. From laws and regulations to the area’s climate and even infrastructure development, these five important factors need to be taken into account before any final decision is made. Knowing local zoning […]
How Farmers Can Diversify Income Streams
As a farmer, you may often face challenges such as fluctuating market prices for your products, unpredictable weather patterns affecting crop yields, and increasing input costs. To mitigate these risks and ensure financial stability in both good times and bad, consider diversifying your farm’s income sources beyond conventional agricultural production methods. Diversify Crops and Livestock […]
The Fundamental Principles of Successful Livestock Farming
Creating an appropriate environment for your animals is essential for successful cattle ranching. Good financial management and investing in quality genetics, livestock feed, and high protein supplements are also important. Additionally, selecting breeds that fit with your enterprise type/goals, such as beef or dairy production, is necessary. Comprehensive biosecurity measures must be implemented and monitored […]