When purchasing farmland, there are a lot of things to think about. Financial ramifications must be considered and pitfalls must be avoided. This can be a stressful and emotional time, which is why it's so important to think rationally and act prudently. Here are 15 key questions to ask during the planning and buying process.
Category: Agricultural Banking
Equipment financing is a common business practice across industries. Using borrowed money to pay for needed equipment helps save your limited capital for other business-related expenses. It also affords you the option of making balance sheet friendly payments while the equipment generates revenue for the business.
We like helping startup and next generation farmers and believe this bit of information is very valuable in getting things headed in the right direction. Even experienced farmers can benefit from this practical advice.
Every farm owner knows that, at some point, they are going to experience challenging times. The causes can run the gamut from falling dairy prices to avian flu to new environmental regulations. No matter the cause, the good news is that there are steps farmers can take. Here are 10 tips to help not only survive but thrive through tough financial times.