As the owner/operator of a family farm, planning for the inevitable is essential. One of the most important steps is planning how to optimize the value of the farm business for your heirs, including minimizing the impact of estate taxes.
Are you thinking about building a commercial poultry farm and turning it into a thriving business? There are several important things to consider before entering the poultry industry.
Becoming a poultry farmer who works with a major integrator can be a fantastic business opportunity. Before you can begin though, you’ll have to acquire a business loan.
Getting your farm ready for the winter is one of the most important things you can do for your business. By winterizing your farm equipment ahead of time, you’ll save a lot of time and money on farm equipment repair and be ready for spring.
Good production numbers are great, but management skills are a must in today’s environment of tight margins and the endless pressures from third parties.
Buying a farm is a big decision. Whether you want to commercially raise poultry, dairy cows, cattle, or produce one of many crops, is a big decision. You may need a loan to help get you started. That’s where the Farm Service Agency (FSA) and knowledgeable lenders like First Financial Bank come in – to assist family farmers like you.
Do you need to acquire a piece of agricultural equipment or a farm building to replace one that has worn out or to expand your operations? Leasing may be a great option for you.
Are you looking to buy a farm – and not sure where to find the right loan or what you’ll need to secure it to support your plans? Learn more about the requirements for farm land loans here.
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