Farmland in Florida is a great addition to any investment portfolio as we mentioned in our previous blog post. The biggest draw to many is that, in general, active farmland has a proven track record in times of uncertainty. Consistent, income-generating property is music to the ears of most investors. However what if you know nothing about farm management? As you can imagine, there are many moving parts that make a farm successful.
The year 2020 drew to a close without much fanfare. Between a global pandemic and political tensions, there’s been a lot to process. The year has also left many wondering what to expect for 2021. Will it be more of the same? No one knows for sure.
The apiculture crop insurance policy provides a safety net for beekeepers’ primary income sources—honey, pollen collection, wax, and breeding stock. Beekeepers can purchase insurance protection against these production risks to their operations. The Rainfall Index is used in the determination of coverage.
With all of the moving parts that go into producing a crop it is extremely important that farmers have a detailed budget in place as leaving out even one line item could have drastic consequences. Learn about where to start when preparing a budget.
Finding the right farmland involves more considerations than most capital expenditures, and can have a major effect on your profitability. Prepare to spend time researching various aspects of the land and evaluating its compatibility for your operation.