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 […]
When is The Best Time to Get a Farm Loan?
If you’re considering getting a farm loan, you’re probably wondering when is the best time to do it. Unfortunately, there’s no one-size-fits-all answer to that question – the timing will depend on your specific situation and the bank’s lending criteria. Things to Keep in Mind When Trying to Get a Farm Loan Understand the Different […]
10 Questions to Ask Yourself Before Applying for a Farm Loan
Before starting or running any venture, including farming businesses, capital is a primary consideration. Unlike other businesses that pick up faster, farming businesses seldom generate enough revenue or operating profits timely to fund their capital needs. This includes owner demands, asset replacements, interest payments, and time debt payments. This typically makes it difficult to expand […]
What to Expect During Your Farm Land Loan Closing
If you are anticipating a farm land loan and anxious to know what happens next after you have been approved for a loan, you have come to the right place. Farm land loans, especially during the closing process, can get complicated and overwhelming. So today, we will talk about the various scenarios farmers can expect […]
14 Tips for a Successful Farm Land Purchase in 2022
Nobody should purchase a farm on the spur of the moment. Purchasing farm land requires careful planning and consideration of vital details, which, if left unresolved, could directly hinder your farm’s future performance. Whatever your reasons for owning a farm, you should consider these 14 tips for a successful farm land purchase in 2022. Plan […]
Why Would A Farm Loan Application Get Denied
The vast majority of new business owners look for financial assistance to get their ventures off the ground, especially farmers. The majority of loan applications are turned down, which is a shame. In light of these figures, it is likely that many small business owners you know have had their applications rejected. Even though approving […]
How to Protect Yourself Amid Rising Interest Rates on Land Loans
2020 was a historic year as the US economy recorded low-interest rates. However, as the economy has begun getting back on its feet amid a recovery from the Covid-19 pandemic, there has been a rapid increase in interest rates. This has worried many American ranchers, farmers, and land owners as it triggers an increase in […]
Top 10 Questions Your Lenders Ask When You Apply For An Agricultural Land Loan
Whether you’re a farmer looking to expand your operation or you’re interested in starting a farm from scratch, acquiring agricultural land is a significant investment. Like any other major purchase, you’ll likely need to take out a loan to finance the purchase. When it comes to securing an agriculture land mortgage loan, there are a […]