How to Leverage Tax Benefits for Your Farm Business
Navigating tax benefits for your farm business can unlock potential savings, enhancing its financial health. Understanding the IRS definitions of ‘farmer’ and ‘farm’ is foundational in leveraging these advantages effectively. While we strive to offer insights that simplify farm finances, it’s wise to consult with a certified public accountant or trusted tax professional for tailored […]
Credit Score 101: What Farmers Need to Know
Understanding your credit score is vital, especially for farmers seeking loans to buy land or secure long-term financing. This number ranges from 300 to 850, with scores above 680, unlocking better terms and lower interest rates. However, not all lenders demand perfection. Firms like United Farm Mortgage look beyond mere numbers; they assess each farmer’s […]
Farming in the Future: What Ag Tech Innovations Should You Be Aware Of
Looking ahead, you might want to keep an eye on AgTech. This new way of farming uses tech to make growing food better and kinder to our planet. Tools like smart water use, gene editing in crops, and robots are part of this change. Plus, we’ll dive into how farms inside buildings could help us […]