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 […]
How Farmers Can Use Agricultural Loans to Grow Their Business
Running a farm can be quite expensive, whether it’s buying new land to farm or buying new equipment. That’s why many people turn to agriculture loans to give them the ability to acquire a new farm or grow current operations. Agriculture loans are designated for use in the farming industry. However, there are several ways […]
4 Reasons Why Farming Businesses Will Continue to Be in High Demand
Agriculture is the bedrock of any sustainable and flourishing society. People need food to survive, and without agriculture, civilizations will surely go extinct. And even though employment in white-collar jobs has been on the increase, there will always be a growing demand for farmers and farming businesses. Here are 4 reasons why farming businesses will […]
Farm Management: 11 Considerations and Tips for Growing Your Farm
Farm management is developing and implementing decisions meant for operating and organizing a farm to maximize production, thus maximizing profits. Farm management relates to agricultural economics for details on the markets, economic institutions, prices, and agricultural policies. Multiple systems and principles are involved in farm management, and you must equip yourself with the required tips […]
Best Ways To Keep A Positive Cash Flow In Agriculture Business
A healthy source of positive cash flow should be the primary focus of any company’s endeavors, including farming. A good cash flow helps you cover your operational expenditures and the interest and principal payments on farm land loans and leads to profits and growth for your business. One thing becomes quite obvious when you compare […]
Why Do Farmers Need to Maintain A Balance Sheet for Their Farms?
A balance sheet is a document that records the value of all farm business assets and liabilities at a point in time. The financial document can also be referred to as a financial statement of equity and net worth. Balance sheet preparation is a standard operative procedure for many farm businesses. The farm business comprises […]
How to Develop a Realistic Budget for Ranch Loans
Buying a ranch or expanding on an existing one is a great and profitable business venture. But like all great ventures, it needs significant investment capital to cover the running costs and all other associated costs. One way to finance your purchase and cover the associated expenses is to look for a ranch loan. But […]
What To Consider When Expanding Your Farming Operation
Many farmers are more than happy with their small farm businesses that bring in enough profits for them to survive. But what if you could expand your modest farming enterprise and enjoy all the perks of a thriving enterprise? If you’re in the farming business for the long haul, it is wise to consider widening […]