Managing Debt

Buying the family farm involves more than just putting money away – think creativity in saving, investment and loan management.

Everyone wants a great credit score and there are some steps farmers can take to not only build their own credit, but also avoid eroding a credit score.

Taking on debt, when understood and used properly, can be an effective way to help you reach your business goals.

Understand the benefits of cash flow planning and why it’s an integral part of farm financial management.

Learn how to plan proactively for unexpected changes to your farm revenues.

January can be a financially tough on the farm as the post-holiday crunch is a time of high expenses and tight income.

When it comes to budgeting for farm businesses, financial advisors say greater adaptability in managing variable income, carefully consideration of what constitutes a true farm expense and financial clarity can all go a long way.

Numerous pitfalls exist that can lower credit scores, and some are easier to identify than others, agricultural financial experts say.

Debt isn’t necessarily a bad word. In fact, experts say there are numerous reasons why your business may need it.

Make the most of your investments by purchasing capital assets sooner rather than later.