Tag: finances
Dairy farmers suffer financial pain in 2016
The bottom line is that more milk is available for sale than there are buyers, either domestically or internationally.
Ask FSA Andy about available FSFL options
Learn more about Marketing Assistance Loans offered by local FSA offices.
Saving for the future: 6 tips for young farmers
With a little planning and patience, young farmers can save for the future.
How to use microloans to get your farm started
As a beginning farmer, niche producer or small family farm, you may have more options to finding funds than the traditional outlets for a farm loan.
How to approach a lender: Tips for getting a farm loan
Before approaching a lender, ask yourself: How much money do I need? Why do I need it? And how will I pay it back?
Personal and business records: Keep them separate
Just as it is important to keep records of your farm finances, it is important to have a record of your personal finances. Here are five reasons why you should keep them separate.
Grants for farmers
Each year millions of dollars are made available to fund farm projects. Grants help farmers, rural businesses and other agriculture advocates develop and strengthen the food system.
5 items for your farm’s cash flow statement
Understanding how much money is coming in and going out and where it is going to or coming from is an important record keeping practice on your farm.
Making equipment pay
Everyone loves shiny, new farm equipment, but it doesn’t always fit the budget. A cost/benefit analysis can help farmers determine if and when a potential equipment purchase pays.
The farm balance sheet
The balance sheet is a snapshot of what the farm business owns (assets) and what it owes (liabilities). Do your first farm balance sheet when you begin farming.
