KCARD provides a lot of different services, but key to each one is our mission of Business Development for Kentucky farmers and agricultural businesses. While some businesses may not see the need for a business plan, here are three reasons that smart businesses put time into business planning.
Too Many Options: Choice Overload in Your Business
Did you know that if you offer your customers too many options that it decreases the chances that they make a purchase? A lot of food businesses we work with want to have 20+ varieties of the value-added food product that they are making. The problem: having too many choices in a food category causes our brain to go a little haywire. In this post, we discuss what you can do to prevent choice overload in your customers.
Local Food Census Maps: Visualizing Local Food Sales Across the State
Launched in 2020, KCARD’s Kentucky Local Food Expansion Initiative connects local farmers to buyers and seeks to grow a strong and diverse buyer-producer network across the state. One aspect of the initiative includes visualizing where local food production and sales are already occurring and where they are not to inform the work.
March 19th: Kentucky AgVets Workshop and Networking Event
Please join the AgVets team on March 19th at 10am-4pm at the Robinson Center for Appalachian Resource Sustainability (RCARS) in Jackson, KY for QPR training in the morning, followed by a catered lunch, and a high tunnel workshop in the afternoon.
Woodstock Lavender Co.: Turning an Idea Into a Business
Woodstock Lavender Co. Is a family-operated lavender farm located in Somerset, KY, owned by Allison Horseman and her mother, Mary Ann May. The business offers handcrafted and natural lavender products. Woodstock Lavender Co. utilized KCARD’s services to turn their idea of a lavender farm into a successful business.
Hidden Costs of Launching a Value-Added Product
Adding value to your farm product can bring more of that food dollar back home to the farm. Many Kentucky farmers transform their raw agricultural commodity into a different product with higher market value (milk to cheese, fruit to jam, etc.) This may seem like an obvious way to increase revenue, but it’s important to understand all of the costs associated with launching a value-added product. Understanding your costs will help you price your product at the right level and ensure that you can make a profit off the finished product.
Cash is King - Managing Risks Around Cash
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.
Job Openings: Join the KCARD Team
The Kentucky Center for Agriculture and Rural Development has two openings: 1) full-time Business Development Assistant/Specialist (designated as either Assistant or Specialist depending on level of experience and expertise) and 2) part-time Administrative Assistant.
I Want to Hire People, but I Can’t Find Anyone: Handling Labor Risk
Mark it down as a problem that businesses had before COVID that has only gotten worse in the pandemic: finding and retaining workers. As a result, a lot of businesses are having to think creatively about their operations from start to finish to figure out how to handle this challenge. We were recently asked about how to do just that. Check out this blog post to learn more.
When Does A Cooperative Make Sense?
The cooperative business structure can be an effective organization, but it is not appropriate for everyone or every business idea. When deciding whether to develop a business as cooperative, there are four key factors that need to be present for the cooperative structure to be the right choice.