Take a look at some of the KCARD staff's favorite holiday recipes - such as Logan’s pumpkin roll! And don't forget to give the gift of local this holiday season.
Check out some favorite holiday recipes from the KCARD staff! Remember to also give the gift of local this holiday season.
Farming is a risky business with significant costs, and one of the most expensive mistakes is failing to plan or oversimplifying the transition of the farm. At its core, successful transition planning boils down to clear, honest communication and planning ahead. When communicating across generations, consider addressing key issues early to build mutual understanding and ensure a smoother transition.
A well-hosted class or workshop can be one of the more profitable (and fun!) ways to engage visitors on your farm and offer agritourism opportunities. However, they can be quite labor-intensive and require lots of planning and thoughtfulness. Check out these tips to get you started!
KCARD works specifically with farmers markets on a wide range of topics, including where to find funding, how to structure the market, and how to think of the farmers market as a business entity. In this post, Terryn Varney, KCARD Business Development Specialist who specializes in farmers market assistance, answers questions about how and when KCARD can help your farmers market.
KCARD will be hosting a Planning for Farm Diversification workshop on October 22 in Murray, KY to assist agricultural producers who are transitioning out of dark tobacco and diversifying their farming operations with produce or raising livestock for value-added products. The workshops will provide information on business planning, marketing, produce safety practices, and production resources.
Farmers and business owners often don’t pay themselves a consistent wage/salary for a number of reasons, although they are contributing a lot of sweat equity to the business. Check out this post to learn more about how and why you should consider paying yourself as the owner of the business.
Getting a loan to purchase a farm, or an operating loan, can seem like a challenging task. Farmers often have questions about what information they’ll need to have to successfully obtain a loan, how long the process will take, and more. Check out these tips on ways to prepare for getting a farm loan.
The off season is a great time to take a look at your business’s financials! One of the pieces of advice we often tell agribusinesses is to “own your numbers”. As a business, you should understand your income and expenses, and know where the numbers on your financial statements came from. Check out this post to understand what financial statements KCARD can help with and why financial projections are important for your business.
The beginning of a new year is often spent reflecting on the past year and planning for what is to come. We often make New Year’s resolutions to form new habits focused on our health and wellness; here are six habits that focus on improving the health and wellness of your business.
“What happens to the family farm?” is a question that commonly comes up after an unfortunate accident or death, which can add stress and tension to an already difficult situation. However, it’s ideal to create a plan early so the farm can pass more smoothly to the next generation. In this post, we discuss initial questions to consider and the best first steps to take when beginning the process of succession planning.
Owning a business can be tough and paying employees can be confusing. Some businesses will prefer a local bookkeeper they can meet with face-to-face, but as more services move online, businesses are becoming more comfortable with online professional service providers for assistance with payroll and taxes. Before choosing an online payroll provider, it’s important to consider your business’s needs to see which option is right for you.
Some of our growing clients get to a point where they feel like financial documents and planning are taking away from their time developing new customer relationships or managing other aspects of the growing business, so they start thinking about contracting that component of the business out. In this post, we discuss some things to consider when finding an accountant for your business.
It is important to understand the cash flow needs of your business and the potential threat of not having enough cash on hand. One of the most common challenges we see in businesses with whom we work is cash management.
Keeping records is VITAL to your business. It helps you measure your growth (or decline), see what is costing you the most, and give you an idea of how much money you have at a given time. A business owner must think about how they can best keep records to ensure the system will be useful. In this blog post, KCARD outlines the three different types of recordkeeping systems.
The Kentucky Center for Agriculture and Rural Development is a non-profit organization established to facilitate agricultural and rural businesses in Kentucky. We are supported primarily through grants provided by the USDA Rural Cooperative Development Program and the Kentucky Agricultural Development Board. Additional support is provided through our work with partners around the state and through fees charged for select client services.
