Farm transition planning is a topic that every ag business owner/operator will have to face. How many principal operators are addressing this transition in a timely, proactive manner? Unfortunately, too many put it off till “someday”. Jon Jaffe, Farm Credit East Business Consultant, discusses five hurdles of planning a transition for an ag business.
Lobster represents 75% of Maine’s commercial fishery value; the state’s 6,000 licensed fishermen landed 8.4 million pounds more lobster in 2016 than in 2015. Read more about the importance of the Northeast to the region’s overall commercial fishing infrastructure.
Well-designed leadership development experiences can build both human and social capital, and those resources offer Northeast agribusinesses a source of competitive advantage in a rapidly changing marketplace. To understand why, we should take a look at the nuances and interrelationships of various forms of capital.
For most Farm Credit East customer owners, their loan officer plays a key role in how they access credit. Our regional managers recently put together a list of valuable attributes your loan officer can provide to your business. While these may be a blinding glimpse of the obvious, there’s more to it than just turning your loan requests into available funds.