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Today's Harvest

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18
Feb

Marketing Yourself to Potential Business Partners, Landowners and Customers

February 18, 2020

By: Keith Dickinson

To market yourself to potential business partners, landowners and customers, you need to have a plan. Keith Dickinson discusses a communication tool to connect the values and goals of your business to potential investors.

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Posted In: Business Tips and Tools

Tags: business management, business planning, collaboration, communication, consulting, farm management, return on investment
11
Feb

The Importance of Liquidity

February 11, 2020

By: Chris Laughton

In the financial world, your cash position is referred to as liquidity, i.e. your ability to pay your bills. Liquidity is important to any agricultural business, yet it may have a heightened significance depending on what you produce, how long it takes you to produce it and how it’s sold or marketed.

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Posted In: Financial Management

Tags: ag expenses, ag revenue, balance sheet, business management, cash accounting, cash flow, farm finances, farm revenue, financial management, net worth
4
Feb

Balancing Off-Farm Employment When Starting an Operation

February 04, 2020

By: Bill Zweigbaum

Many producers utilize off-farm jobs to generate additional income and procure benefits such as health insurance and retirement funding. This raises the question, particularly for smaller farms, of how to balance off-farm employment while maintaining a successful operation at home. When deciding whether you can (or should) manage an off-farm job, here’s some things to consider.

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Posted In: Business Tips and Tools

Tags: FarmStart, GenerationNext, business management, business planning, consulting, farm business, farm management, productivity, profitability, time management, young & beginning farmers
14
Jan

Fundamentals beginning farmers need to run a successful business

January 14, 2020

By: Heather Hunt

For a beginning entrepreneur, cultivating financial skills is essential to the health and success of your business. Whether you need help organizing your finances into manageable tasks or advice on how to approach a lender, Chris Laughton covers a range of financial topics of interest to beginning farmers.

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Posted In: FarmStart and Beginning Farmers

Tags: balance sheet, business management, business planning, cash flow statement, cash flow, cash management, expenses, farm expenses, financing, real-time accounting data, record keeping, young & beginning farmers