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.
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.
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.
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.