Capital Management Tips for Farmers
Capital management is one of the most critical aspects for the success of any business—including farming, ranching, and hobby farming. Everything you worked so hard for, including the efforts to produce an operational farm, can be at risk if your operational profit and capital are not managed properly. This article will provide tips on financing […]
3 Tips for Farm Management During Rising Inflation
The inflation rates in the US have reached records high in recent years. The annual inflation rate is 7.7% for the period ending October 2022. The country is widely affected by rising inflation and increased commodity prices. Although the GDPO growth is growing, many economic troubles remain for farmers and the farming industry. The consumer […]
5 Steps to Starting a Successful Equestrian Business
Most successful businesses start with a strong passion, then later come to find ways to make a living out of that passion. The same goes for starting a successful equestrian business. If you like breeding horses and want to create an entire business around your hobby, pure passion is not enough to keep the business […]
What Kind of Loans Can You Use to Finance Your Dream Horse Property
When it comes to financing a horse property, there are a few different types of loans you can use. Depending on your credit score and the amount of money you need, one loan may be better for you than another. Here’s an overview of equestrian loans and the various types of loans you can use […]
How Do Interest Rates Affect Farmers?
Farmers have to make a lot of decisions throughout the year. One of the most important decisions is when to get a farm loan and what farm interest loan rate to accept. Farm loan interest rates can significantly affect farmers, so it’s essential to understand how they work. What are Interest Rates? Interest rates are […]
How Does Inflation Affect Farming
Inflation has been in the headlines for months now, with no end in sight. Prices are rising across the board, affecting everything from food to gas, and it’s hitting farmers hard. But what does this mean for American farmers? Here we’ll take a closer look at how inflation affects farming and explore some of the […]
Can a Horse Business Be Profitable?
An important piece of advice for those beginning their careers or looking to change careers is to do what you love. That way, work never feels like a burden. But you have to ensure that your business is profitable because a knowledgeable businessperson once stated that turnover is vanity, profit is rationality, and profitability is […]
What to Look for When Buying Equestrian Real Estate
Purchasing an equestrian property is a serious task whether you’re a first-time equestrian buyer or looking to upgrade your boarding stables. However, not all horse farms are created equally; different equestrian properties are a better fit for different buyers. Therefore, the right horse farm for you depends on what you plan to accommodate. When searching […]
Everything You Need to Know About Farm Tax Write-Offs
Many prosperous individuals who own businesses reduce their taxable income by operating a backyard farm on either their primary residence or a second property. Because the definition of a farm varies from state to state, you will need to confirm that your agricultural land is eligible for certain tax write-offs by contacting the agriculture department […]
5 Simple Steps to Make Sure You Get the Loan for Your Farm Business Needs
Farm loan rejection rates have been on the increase in the US, with about 42.9% of banks rejecting farm loan applications in 2018. This is mostly because of weak farm income recorded by farmers submitting applications for loans. As a result, farmers looking to obtain loans for their farm businesses need to take extra precautions […]