Maps help us navigate the world, and they not only show us how to get from point A to point B, but, depending on the type of map, they can also help us to see where patterns, clusters, and gaps exist in a spatial environment. As part of KCARD’s state-wide Local Food System Expansion Initiative, a series of interactive maps has been developed to visualize the Kentucky local food system. Stay tuned for parts two and three of the series in the next few weeks. We will present a closer look into local food sales in Kentucky and the various industries that make up the local food system.
It's All About the Numbers: Why Financial Projections are Important for Your Business
April is Financial Literacy Month, so it’s 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.
Behind the Scenes of Applying for Federal Grant Programs
We’re often asked by farmers and agribusinesses how to apply for federal grant programs, such as the USDA Value-Added Producer Grant (due on May 16). While these grant programs can be a good option for growing agribusinesses to obtain capital, it’s important to understand how much work goes into receiving a grant, even beyond the application itself. Often, applying for federal grants requires 40 to 80 hours of work. Check out these four tips to help prepare you for applying for a federal grant program.
Apply for a Value-Added Dairy Business Evaluation by February 28
KCARD is partnering with the University of Tennessee Extension’s Center for Profitable Agriculture to provide existing value-added dairy businesses with an in-depth analysis of their operation. This analysis consists of a comprehensive on-site evaluation by experienced and trained business consultants. The application deadline to be considered for the program is February 28th.
New Year, New Habits
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.
National and State Highlights from the USDA 2020 Local Food Marketing Practices Survey
In addition to the Census of Agriculture, USDA conducts topical surveys that cover specific sectors in agriculture such as Local Food Marketing Practices. We dove into the 2020 Local Food Marketing Practices survey results that were released in April 2022, and we resurfaced with a trove of information that highlights the current status of local food nationally and within the state.
What Happens to the Family Farm: Succession Planning 101
“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.
Buying Directly from Local Farmers Increases the Farm Share of the Food Dollar
We have all felt the increase in our bills at the grocery store this year, but what does that mean for farmers? The difference between retail prices of food and farm-level prices includes costs of distribution, processing, marketing, packaging, retailing, and more. Buying directly from farmers and supporting local food suppliers helps bring more of the food dollar back to the farm.
5 Myths About Crop Insurance
Farmers purchase crop insurance to protect their crops from things like natural disasters, diseases, insects and market pricing drops. There are many myths about crop insurance, including that it’s too expensive and it’s only for “big” farms, which we’ve debunked in this post.
Bringing the Fun to the Farm: 5 Things to Consider Before Adding Agritourism to Your Operation
With apple picking and pumpkin patch seasons right around the corner, many seasonal Kentucky agritourism operations are gearing up for their busy seasons. At KCARD, we’ve been seeing a wide variety of agriculture operations adding elements of tourism and education to their farms, including u-pick berry farms, farm stays, hands-on workshops, Airbnbs, and more. In this post, we discuss five things to consider before adding agritourism to your farming operation.