Holiday Recipes
Brent Lackey
KCARD Staff Holiday Recipes: Logan's Pumpkin ...

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.

KCARD Staff Holiday Recipes: Logan's Pumpkin Roll
Holiday Recipes
Brent Lackey
KCARD Staff Holiday Recipes: Kati's Ginger ...

Check out some favorite holiday recipes from the KCARD staff! Remember to also give the gift of local this holiday season.

KCARD Staff Holiday Recipes: Kati's Ginger Sorghum Cookies
Transition Planning, Education
Brent Lackey
Planning for the Future: A Starter Guide to ...

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.

Planning for the Future: A Starter Guide to Farm Transition Planning
Agritourism, Marketing, Education, Business Development
Brent Lackey
How to Host Workshops on Your Farm

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!

How to Host Workshops on Your Farm
Farmers Markets, Education, KCARD Services
Brent Lackey
Q&A with Terryn Varney, Business ...

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.

Q&A with Terryn Varney, Business Development Specialist: How Does KCARD Work with Farmers Markets?

profit and loss

Cash Flow and Income Statement: How Are They Different and How Do They Work for You?

Cash Flow and Income Statement: How Are They Different and How Do They Work for You?

When working with clients, KCARD often starts by looking at a current income statement (also called a Profit/Loss statement) that is in operation and helps develop a projected income statement for a new or expanded operation. This helps to show if the business is profitable now or will be profitable in the future. However, the cash flow statement is critical to understanding whether the business will be able to survive the initial startup stage or any downturns. This statement shows inflows and outflows of cash to or from the business. So what’s the difference between the two and how they are used?

Understanding Cost of Goods Sold (COGS)

Understanding Cost of Goods Sold (COGS)

If you look at a Profit/Loss statement (also called an Income Statement), you will often see Cost of Goods Sold (COGS) broken out from other expenses. What are these and why break them apart?

Costs of Goods Sold are expenses that are directly attributed to the amount of production. COGS are reported on the Income Statement and are segregated from Operating Expenses, which are expenses that are not directly tied to production.

Why Do We Obsess about Financial Statements?

Why Do We Obsess about Financial Statements?

If you ask any KCARD employee where they turn to first in a business plan they receive, there’s a good chance that – after reading the summary of what the business is wanting to do – the profit/loss statement will be the first page reviewed. We will start looking at how revenue was calculated and whether the expense lines show everything that we expect to see in that particular business. In the next few weeks, we will be going into more detail on how to develop financial projections, stay tuned. 

About KCARD

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.

Contact Us

411 Ring Road
Elizabethtown, KY 42701

p: (859) 550-3972
f: (888) 319-4962

kcard@kcard.info