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.
Alternative Options to Traditional Agricultural Loans.
According to the U.S. Department of Agriculture (USDA), farm debt will hit a record high of $416 billion by the end of 2019. Farmers are leaning on lenders now more than ever, not just during the hard times, but to finance new opportunities like farm expansions, equipment updates, and more. So why are farmers choosing alternative lending companies to help open these doors?
5 Tips for Reducing Risk and Increasing Profits.
There are so many factors that go into running a profitable farming operation. In an industry that faces several influencing factors such as new technology, government regulations, and climate change, the potential impact on your operation’s bottom line is high.
Learn how loan consolidation can help you successfully manage farm debt and strengthen your finances.
Today’s economic stresses paired with a predicted late, smaller harvest has placed an abnormal amount of financial pressure on America’s farmers, especially those with existing farm debt and operational expenses. For some farmers, now could be the ideal time to determine whether the pros of farm debt consolidation outweigh the cons and if consolidation is the right decision for your operation.Read More
Find out how character and capital can help secure an ag loan
Before working to secure an agricultural land loan, potential ag loan borrowers (loan borrower meaning an individual, organization or company using funds, materials or services on credit) should consider whether they have the 5 C’s of Credit, with the first two being character and capital.Read More
Explore the details of the Florida Agriculture Financial Management Conference.
Florida’s agriculture industry offers complex financial and business challenges that must be overcome for success. Providing the tools and strategies to overcome those challenges is the focus of The Florida Agriculture Financial Management Conference (FAFMC). Set for November 2nd and 3rd, in Lake Buena Vista, Florida, the conference “addresses key financial issues growers and producers face,” according to the FAFMC website. Explore the who, the what, and the why of the 7th annual Florida Agriculture Financial Management Conference, below.Read More