Tag: finances
Grants for farmers
Each year millions of dollars are made available to fund farm projects. Grants help farmers, rural businesses and other agriculture advocates develop and strengthen the food system.
5 items for your farm’s cash flow statement
Understanding how much money is coming in and going out and where it is going to or coming from is an important record keeping practice on your farm.
Making equipment pay
Everyone loves shiny, new farm equipment, but it doesn’t always fit the budget. A cost/benefit analysis can help farmers determine if and when a potential equipment purchase pays.
The farm balance sheet
The balance sheet is a snapshot of what the farm business owns (assets) and what it owes (liabilities). Do your first farm balance sheet when you begin farming.
5 things young farmers should know about finances
These are the top five things young and beginning farmers should think about when it comes to their farm finances, according to Dianne Shoemaker,...
Stress management during tough financial times on the farm
There is no doubt the production agriculture sector is going through a tough financial period. In particular, low crop prices and low milk prices are severely impacting row crop and dairy producers.
Producers should file paperwork with FSA soon
Producers are reminded to complete and file form CCC-941, Adjusted Gross Income Certification, to receive Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) payments, Loan Deficiency Payments (LDPs) and Market Gains on Marketing Assistance Loans (MALs).
Update records at your county FSA office
Now is the time to sign up for the Agriculture Risk Coverage (ARC) or the Price Loss Coverage (PLC) programs. Producers with farming interest changes should stop by the office and get records updated.
Flexible cash farm leases offer advantages
Cash lease arrangements often create a negotiating environment where there is asymmetric information.
Tax credit applications available for Pa. farms
Pennsylvania farmers can now apply for 2015-16 Resource Enhancement and Protection program tax credits.
