The end of the year signals a time of financial data collection for most farms, ranches and other agribusinesses. While doing tasks like taxes and bookkeeping, you’ll have an opportunity to go over your operation’s financial information with a fine-tooth comb. Take the opportunity to examine the following areas to improve your agribusiness’s fiscal health:
There are many land lenders to choose from when the time comes to expand an ag operation, diversify an existing agribusiness or realize a dream of buying farm land. However, not all lenders are created equally. When it’s your future on the line, you want land loan specialists who have your best interests at heart.
Loan Products for Georgia Farmers & Ranchers
Georgia is a southern state with a diverse mix of terrain and an important standing in the country’s agriculture industry; so much so that one of the state’s mottos is “Agriculture and Commerce.” Find out what AgAmerica Lending can offer the farmers and ranchers of The Peach State.
Those in agriculture know the value of a dollar, and they understand the importance of financing. In some instances, good financing is necessary to keep the books in the black until the harvest is in, the calves gain weight or the produce is sold at market. The ups and downs of agriculture are one reason why AgAmerica’s 10-Year line of credit—or LOC—is such an attractive financial option for those looking for farm ag loans. Tailor-made for those who harvest a crop or raise livestock, the advantages of our 10-year line of credit are many.
Whether you are in the ag lending business or not, you hear a lot about the family farm these days. By all accounts in mainstream media, the family farm concept is disappearing fast, in hot water or going the way of the dinosaur. However, in reality, many of us live and work on a family farm, and we’re pretty sure we aren’t going anywhere anytime soon! Essentially, family farms represent the backbone of agriculture, and ag, in turn, is one of the driving industries of the country.
Georgia has a lot to offer when it comes to agriculture, both to those in Georgia and to the rest of the country. The stats show that one in seven Georgia residents is involved in agriculture, forestry or related fields, and the industry contributes over $72 billion to the state’s economy. With a warm, temperate climate, Georgia farmers and ranchers enjoy an exceptionally long growing season. Take a peek at Georgia’s top commodities and ag numbers.
The age old saying of “don’t put all your eggs in one basket” is a true one— especially for farmers. More and more, we’re talking with growers who are looking to diversify their family ag operations. With Thanksgiving approaching, the sheer number of turkeys available at your local grocery store may cause you to consider what it would take to start your own turkey farm. Turkey farms can be a viable option for ag operators looking to diversify or those wanting to get into an agrarian venture. No project is without risks, however, so follow our tips on starting a turkey farm.