How Do Interest Rates Affect Farmers?
Farmers have to make a lot of decisions throughout the year. One of the most important decisions is when to get a farm loan and what farm interest loan rate to accept. Farm loan interest rates can significantly affect farmers, so it’s essential to understand how they work. What are Interest Rates? Interest rates are […]
How Does Inflation Affect Farming
Inflation has been in the headlines for months now, with no end in sight. Prices are rising across the board, affecting everything from food to gas, and it’s hitting farmers hard. But what does this mean for American farmers? Here we’ll take a closer look at how inflation affects farming and explore some of the […]
Can a Horse Business Be Profitable?
An important piece of advice for those beginning their careers or looking to change careers is to do what you love. That way, work never feels like a burden. But you have to ensure that your business is profitable because a knowledgeable businessperson once stated that turnover is vanity, profit is rationality, and profitability is […]
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 […]