Considering a grant for your farm or food business? Grants can help you grow—but success takes more than a good idea. You’ll need a clear plan, strong documentation, and the ability to manage reporting and reimbursements. Before you apply, make sure the grant fits your goals, you're ready to handle the admin work, and you understand the requirements. With the right prep, grants can be a game-changing investment in your business.
Thinking about incorporating your business into a legal business structure? As your business grows, choosing the right legal structure becomes a key decision. Incorporating can offer protection and perks—but it's not always the right move for everyone. Here's what to consider before making it official.
Looking to sell your products online but not sure where to start? This quick guide compares top e-commerce platforms—like Square, Shopify, Local Line, and more—designed for farmers and small businesses. Find the right fit to streamline sales, manage inventory, and grow your business online.
The USDA's Local Agriculture Market Program (LAMP) includes three key grant opportunities in 2025: the Farmers Market Promotion Program (FMPP), Local Food Promotion Program (LFPP), and Regional Food System Partnerships (RFSP). These programs support efforts to improve food access, boost market opportunities for local producers, and strengthen regional food systems. Applications are due by June 27, 2025. Learn more about the programs and how to get started in this blog post!
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.
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.
The off season is 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.
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.
“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.
Owning a business can be tough and paying employees can be confusing. Some businesses will prefer a local bookkeeper they can meet with face-to-face, but as more services move online, businesses are becoming more comfortable with online professional service providers for assistance with payroll and taxes. Before choosing an online payroll provider, it’s important to consider your business’s needs to see which option is right for you.
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.
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.
Keeping records is VITAL to your business. It helps you measure your growth (or decline), see what is costing you the most, and give you an idea of how much money you have at a given time. A business owner must think about how they can best keep records to ensure the system will be useful. In this blog post, KCARD outlines the three different types of recordkeeping systems.
At KCARD, when we are working through financials for clients, we are often asked “Do I need to file a Schedule F?” or we often ask businesses if they have ever filed a Schedule F.
One question we receive a lot at KCARD is how to begin looking at a business’s financial statements and learning from them so that you can make good decisions going forward. Right now, this topic is especially timely since we know a lot of folks who are calendar-year tax filers are putting together their documents to take to their tax preparer.
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.
