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!
Myrisa Christy, KCARD’s project director, took some time to answer a few questions about herself and coordinating work in Eastern Kentucky and with our partners in the Appalachian Region.
Have you ever thought about marketing your farm’s local food to restaurants but just don’t know where to start? We have put together a few tips for you to make the sales pitch as seamless and successful as possible.
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.
Abby Clas, KCARD’s research assistant, took some time to answer a few questions about herself and the assistance she provides to KCARD staff.
Last year about this time, we all began learning a lot more about COVID 19. We also started seeing grocery shelves with less meat on them than we normally expected to see. Meat processors in the state who were already at least six to eight weeks booked if you tried to schedule animals to be processed started getting a lot more calls as more people were seeking local meat and more farmers saw an opportunity to expand direct meat sales to consumers.
Mattea Mitchell, one of KCARD’s business development assistants, took some time to answer a few questions about herself and the assistance she provides.
With the Kentucky Local Food Systems Summit starting tomorrow (you can still register here!), we wanted to spotlight KCARD’s Kentucky Local Food System Expansion Initiative. Launched in 2020, the initiative works collaboratively with partners to assist Kentucky local food farmers and buyers in sales and sourcing of local food. Below are some common questions about the Initiative.
Cara Stewart, one of KCARD’s business development assistants, took some time to answer a few questions about herself and one of KCARD’s many services, recordkeeping support.
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.
Are you currently selling your products online? Do you want to start selling products online? Online sales offer an opportunity for your customers to shop whenever and wherever they want. Below are some tips for selling online.
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.
