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 […]
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 […]