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.
The success of your farm operation not only relies on good planning but also on strategic purchasing decisions. Here are three tips to take into consideration before making a purchase.
Whether you’re a beginning farmer or an experienced farm operator, having a good business plan is a crucial component for your operation. A business plan creates a clear road map in order to keep you on track for success
While the world was in the early stages of the COVID-19 health crisis and Americans were facing many challenges from the shutdowns, Matt McLean was busy trying to figure out an additional obstacle, the rare opportunity to buy back his beloved family business, Uncle Matt’s Organic.
It’s tough to think about the future when you’re worried about making mortgage payments or paying off equipment, but you don’t have to face bankruptcy or foreclosure if you take stock of your situation early on and talk openly with your lender.
Getting a loan for your agricultural business, no matter the size or scope, means asking the lender to have faith in your ability to manage a full-fledged operation and your finances in a healthy way. No pressure, right?
Farm Credit operates as a cooperative, which loosely defined means a group of people united to meet a common need through a jointly owned business. For Farm Credit, being a cooperative means our customers own us and are eligible to share in the profits each year.
Live Trends’ mission is to fuse Nature with Art into trend-forward Design. For LiveTrends, it’s not just about growing the plants; it’s about creating trendy and unique décor for your home that requires little to no maintenance.
The framework lending institutions use is typically based on something known in the industry as the Five C’s of Credit. Explore a high-level overview of what the Five C’s are, and how they’re are used to make lending decisions.
