Tax season doesn't have to be stressful — with the right approach, it can be a year-round strategy that sets you up for success. In our latest blog, the UK Department of Agricultural Economics break down essential tax tips, key filing updates, and smart planning strategies for farmers and small business owners, including disaster-related extensions for Kentucky, new 1099-K rules, and options for livestock sales and asset depreciation. Stay organized, stay ahead, and start building a smoother path to your future tax filings today!
As we gear up for the 2025 season, effective recordkeeping is key to understanding your business's financial health and driving growth. This blog explores advanced methods, from cloud-based software to industry-specific tools, to help you track finances, analyze key metrics, and make informed decisions. Mastering recordkeeping will set your business up for success in the year ahead.
In case you missed it, check out our Recordkeeping 101 blog post to get caught up on this series.
Struggling to price your products at the farmers market? It’s a balancing act between attracting customers and ensuring profitability. From calculating your costs to understanding market trends and perceived value, this post breaks down key steps to help you set the perfect price. Ready to optimize your pricing strategy? Read on for tips that will boost your sales and sustain your business!
With the uncertainty of USDA contracts and funding while federal programs are being reviewed by the new administration and some programs being canceled, it is important for producers and organizations to understand their rights and key timelines. Farm Commons has recently published a resource aimed at helping producers navigate this situation. Key points from this resource are summarized in this post.
Starting or growing a business is an exciting journey filled with opportunities and challenges. Whether you’re launching a startup, expanding an existing operation, or simply rethinking your strategies, it’s always helpful to have a well-thought-out business plan. This document isn’t just a formality—it’s a foundational step that can turn your vision into reality while ensuring you stay on track to achieve your goals.
USDA opened the Community Food Project Grants and the Gus Schumacher Nutrition Incentive Program Grants (formerly FINI) early this year. There is a super short turn around with applications due on June 3rd and 10th respectively. Also, the USDA Farmers Market and Local Food Promotion Program Grants are open with a deadline of June 18. Click to check out more information about the programs.
If you have a retail spot or retail product at a farmers market, you have some valuable real estate. Every square foot of that space has the potential to earn money and you need to use that space as effectively as you can to maximize your profit. Here are three tips for using every square foot to increase your sales.
So, what is a cooperative? According to Merriam-Webster Dictionary, a cooperative is “an enterprise or organization owned by and operated for the benefit of those using its services.” Put simply a cooperative is a business owned and controlled by the people that it services.
This week we are featuring the USDA Beginning Farmer and Rancher Development Program Grants, USDA Rural Business Development Grants, and the USDA Farmers Market and Local Food Promotion Program Grants.
This week we are featuring the Kentucky Agricultural Development Funds On-Farm Energy Efficiency Incentives Program, the Rural Energy for America Program Grants, the Kentucky Conservation State Cost Share Program, and the USDA-NRCS Environmental Quality Incentives Program.
This week we are featuring the Kentucky Proud: Farm to Fork Grants, Kentucky State University Small Scale farm Grants, and USDA Rural Business Development Grants.
Would you like to learn more about how Kentucky’s agricultural businesses operate and how your classwork applies to real-world business situations? We are looking to hire an intern for the Fall 2019 semester. Click to read more about this excellent opportunity!
This week we are featuring the USDA Rural Business Development Grant, the Kentucky Proud Buy Local Program, and the Kentucky Proud Promotional Grant.
This week we are featuring the Rural Energy for America Program Grants that are due soon and the new Local Agriculture Market Program (LAMP) that was established in the farm bill. The LAMP program will provide permanent funding for the Value-Added Producer Grants, and the Farmers Market & Local Food Promotion Grants which is great news for farmers and agribusinesses in Kentucky.
This week we are featuring the Kentucky Conservation State Cost Share Program, the USDA Natural Resource Conservation Service's Environmental Quality Incentives (EQIP) Program, and the Kentucky Proud Promotional Grant Program. Please check out more information about each program below.
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.
