As we enter the new year, many people will begin to look back at their records from 2024 to analyze their financial position and begin to prepare for the upcoming tax season. If you have an effective and efficient recordkeeping system, this process can be smooth and straightforward. Check out these tips to improve your recordkeeping system in 2025!
Businesses registered with the Secretary of State (such as LLCs or corporations) are now required to report Beneficial Ownership Information. As of December 26, 2024, the deadline for BOI filing has been suspended until further notice. However, the report is expected to be required in the future. We recommend voluntarily completing the report to avoid having to monitor future deadline updates.
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.
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.
Sustainable Harvest Farm is a produce farm in London, KY owned and operated by Ford and Amanda Waterstrat. Sustainable Harvest Farm is focused on providing sustainably grown organic produce across the state and a fully customizable CSA program.
This week is Kentucky Proud Fall CSA Week so we’re highlighting some of the many benefits of joining a CSA, plus some tips on how to get the most out of your CSA share. CSAs can be a great way to have consistent access to local, fresh produce while also supporting and developing relationships with local farmers.
One direct-to-consumer marketing arrangement that has increased in popularity in the past several years is Community Supported Agriculture (CSA). While this can be a great model for many farm businesses, it’s important to evaluate the pros and cons to understand if starting a CSA is right for your farm 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.
Happy National Farmers Market Week! This week, we’re celebrating with farmers markets across the state, like Franklin County Farmers Market, and highlighting how KCARD can work with markets on various projects.
July is Kentucky Cut Flower Month, so we’re celebrating with a spotlight on the Kentucky Flower Market! Owned by Sarah Torgerson and Kayla Carey, the Kentucky Flower Market, based in Simpsonville, KY, is a collaborative market of flower farmers who sell and market together, primarily through an online platform.
CBRN Specialist Kristen Kalm is currently interning with Todd County Animal Clinic through the Kentucky AgVets Boots to Agriculture Internship Program. In this post, we sat down with Kristen to ask some questions about herself and how the program has helped her plan for after she exits service.
June is Dairy Month in Kentucky! To celebrate, we’re spotlighting Legacy Dairy, a fourth-generation family farm operated by the Jones family in Barren County, KY. Legacy Dairy offers whole, non-homogenized milk that comes strictly from cows raised and cared for on the farm, where it’s also bottled and processed.
The USDA Agricultural Marketing Service recently announced a new grant program for meat processors: the Local Meat Capacity Grant (Local MCap), due on July 19th. For more information on the program including who can apply, what projects are eligible, and how to get started, check out this blog post!
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.
