How Do You Keep a Farm Profitable?
Farmers and ranchers spend much of their time, money, and energy creating a truly profitable farming setup. Making money is essential to the farm’s survival. Building a long-term, successful agricultural business in the modern era is challenging. There are currently over 2 billion people living on less than $2 a day, with 40% working on […]
Breaking Free from Farm Debt: Expert Advice
Starting a farm is very expensive, from buying a piece of farming equipment and materials to transportation and development. Therefore, many get a loan to start farming, which they have to repay while still at their most vulnerable — the startup phase. That means never giving the farm a fair opportunity to get up and […]
Tips for Expanding Your Operations and Adding More Land
Expanding your farm operations can be a valuable step towards increasing the success and sustainability of your business, even in the face of current market conditions. While there are many potential benefits to expansion, such as the opportunity to diversify your crops, meet an increase in demand for your products, and potentially increase profitability, it […]
Surviving and Thriving: Why Cash Flow Management is Critical for Farmers
Farming is a complex and changing industry. Farmers must constantly adapt to the environment and market conditions to survive. Managing cash flow is one of the most important aspects of operating a successful farm. Cash flow management helps farmers make informed decisions, use resources efficiently, and plan for future growth. Cash flow management can give […]
Effective Cost Management Techniques for Farmers
As a farmer, you know firsthand how costly it can be to maintain your operation. From planting to harvest season, there are countless expenses to consider. And with rising production costs, it’s more important than ever to be proactive in finding ways to reduce expenses on the farm. In this article, we’ll provide tips and […]
The Farmer’s Guide to Financial Success: Tips and Strategies for Maximizing Profit
Even hobby farms need to make a profit at one point, especially if you want to continue doing what you love. However, if you are farming because you love it and want to make a living by maximizing your profit—you should follow these tips to ensure financial success. Loving what you do may not be […]
The 2023 Farm Bill: What Will It Bring?
The Farm Bill is an omnibus document that includes various programs, including food availability, training, and education for producers. It is widely considered one of the most significant pieces of legislation for farmers and ranchers throughout the United States. The last farm bill, passed and signed into law in 2018, will no longer be in […]
12 Profitable Agricultural Business Ideas
The agriculture industry is one of the major contributors to the world’s GDP as it is a sector that feeds billions of people daily. An industry on which human existence is so heavily dependent automatically provides several business opportunities that investors can benefit from. These agricultural businesses involve producing, processing, and distributing agricultural commodities. With […]
How Do Horse Farms and Riding Stables Make Money?
Horses are a costly hobby because they require a lot of attention, space, and food. Since your equine can be expensive to care for, you may want to supplement the expenses. Making money with horse farms doesn’t seem easy, but it’s a great source of income. This post will explore how horse farms, riding stables, […]
Why Farmers Should Have a Hedging Strategy
Farmers are no strangers to the unpredictability of the markets every year. The prices for agricultural products vary each season due to the ever-changing levels of demand and supply, and periods of high supplies often result in decreased prices. To minimize the associated risk and help ease the strain and difficulty that comes with it, […]