How Farmers Are Financially Preparing for the Future
AgAmerica CEO and President, Brian Philpot, recently discussed the changing economic landscape in agriculture from a financial perspective with the voices of the Global Ag Network, Delaney Howell and Mike Pearson. Below are some highlights from the podcast, including how to build working capital to cover input expenses through ongoing uncertainty.
Farmland Remains Stable During Economic Tumult
The economic disruption caused by COVID-19 has negatively impacted many sectors in our global economy, including the stock market and businesses deemed nonessential. Temporary closures of nonessential businesses have brought industries such as hospitality, entertainment, and travel to a sudden halt. The disruption has drastically shifted how the agriculture sector—a critical infrastructure—distributes food to the consumer.
The Census of Agriculture’s Impact on Farm Programs and Policy.
Why is Census data important to American agriculture and its producers? The Census data provides the agriculture industry with a wealth of information, including land use and ownership, farmer demographics, production practices, income, and expenditures. The USDA’s National Agricultural Statistics Service (NASS) collects this farm data, which is used by both stakeholders and legislators to,
Understanding how working capital can cushion your operation during a volatile economy.
COVID-19 in the past month has uprooted millions of people across the nation affecting the way they live their lives and provide for their families. As the nation’s economy shakes with closures of non-essential businesses, lack of consumer spending and school closures playing a significant role in this, planning for the future of your farm operation when interest rates are low has never been more important.
Emergency Relief Brings Funding to Critical Infrastructures
The Coronavirus Aid, Relief, and Economic Security (CARES) Act—phase three of the coronavirus stimulus package—was passed last week, resulting in a $2.3 trillion bill. This historic relief bill was approved unanimously by the Senate (96-0) to alleviate the economic pressures businesses and individuals are experiencing as they navigate the COVID-19 pandemic.
What you Need to Know About the Future of Farm Technology and Cybersecurity.
The COVID-19 (coronavirus) pandemic has affected the daily lives of people around the world. Measures to contain the virus such as social distancing and quarantining at home, has forced many businesses to be more reliant on technology than normal to keep their businesses afloat and functioning effectively. With this increased digital dependence, comes an increased risk of potential data breaches.Read More