Farming comes with constant uncertainty—but tools like sales forecasting and enterprise budgeting can help you make smarter decisions, manage risk, and boost your farm’s profitability. Whether you're growing vegetables, raising livestock, or running a diversified operation, these tools provide the financial clarity to plan with confidence. Want to learn how to apply them to your business? Read the full blog post to explore practical tips, real-world examples, and free resources to get started.
As we wrap up Financial Literacy Month, it’s the perfect time to take a closer look at your farm’s financial health. In today’s ag landscape, success means tracking more than just yields—you need the right Key Performance Indicators (KPIs) to guide decisions, plan ahead, and stay financially strong. In this blog post, we discuss how to use KPIs and the Farm Finance Scorecard to understand your numbers and what they mean for your business.
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!
Farming comes with constant uncertainty—but tools like sales forecasting and enterprise budgeting can help you make smarter decisions, manage risk, and boost your farm’s profitability. Whether you're growing vegetables, raising livestock, or running a diversified operation, these tools provide the financial clarity to plan with confidence. Want to learn how to apply them to your business? Read the full blog post to explore practical tips, real-world examples, and free resources to get started.
Some of our growing clients get to a point where they feel like financial documents and planning are taking away from their time developing new customer relationships or managing other aspects of the growing business, so they start thinking about contracting that component of the business out. In this post, we discuss some things to consider when finding an accountant for your business.
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.
