In the midst of an industry downturn, it’s important to have your financial and credit management plan in place to ensure continued success – waiting for a highly profitable year to recover finances is not a viable strategy. Learn eight tips that can help you plan for difficult market conditions before a “normal” cycle becomes a changed reality.
Starting a new business comes with its challenges – especially a new business in agriculture, commercial fishing or forest products. Yet the future of these industries is dependent on new entrants; FarmStart aims to give these individuals a healthy start in the industry.
It’s expensive to operate without a plan. It can also be pretty painful. As the Northeast closes out another season, it’s a good time to stop, relax and enjoy the holidays, and then jump right into planning for the year ahead.
Beginning any business, especially in agriculture, is a challenge. For young and beginning farmers, it’s important to start with a foundation of knowledge about all the specific aspects of operating and managing an agricultural business – from production to business management.