How to Avoid Farm Loan Application Denial
Applying for and receiving a farm loan can be an intimidating process, but with the right research, you can put yourself in the best position to get approved. Researching potential lenders is key. Make sure you understand their application and repayment criteria ahead of time so that there are no surprises when it’s time to […]
The Fundamentals of Sustainable Farming and Best Practices
Sustainable farming and agriculture are growing trends that agriculturists must consider to ensure the long-term sustainability of their operations. This involves more than simply using natural methods in crop production, such as composting, crop rotation, and zero-tillage, but also considers management practices, including soil health, pest control, and efficient use of water resources. Lending companies […]
Profitable Farming: 5 Steps to Create a Business Plan that Works
If you are starting a new farming business or planning to expand an existing one, developing a business plan is an essential step to ensure your farm’s long-term success. Many factors could affect the operations of a farm during its run, such as rising costs of supplies, weather conditions, economics, and more—which is why creating an […]
The 2023 Farm Outlook: Risks and Challenges for Agricultural Producers
As we move into the new year of 2023, agricultural producers across the U.S. face unique risks and challenges in their business ventures—making it more important than ever to have a well-informed outlook on the forecasted farming market environment. Alongside these predictions is an equally as paramount aspect: financing for farmers and how this can […]
The Importance of Diversification in Modern Farming
Many farmers have challenges staying profitable when there’s a bad harvest or the main season is over. In modern farming, diversification is vital if you want the farm’s continued success as a business. In fact, many farmers consider diversification when looking for ways to improve their revenue and stay economically viable, especially those committed to […]
How Much Acreage is Necessary for a Successful Ranch?
Are you considering purchasing a ranch for your business? It is important to understand the basics of how much acreage is necessary for success to ensure long-term profitability. The amount of land needed depends on many factors including terrain, soil quality, land usage, and labor input. To determine the amount of acreage necessary for a […]
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 […]