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 […]
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 […]