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!
Jericho Farmhouse is an ice cream shop and farm market in Henry County, KY owned by the Coombs Family. The Coombs family operated a dairy farm for generations until 2018 and now, Jericho Farmhouse offers ice cream, beef, a place for local farmers to sell their products, and plenty of fun farm experiences.
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.
This month, we spoke with Juan Alejo about his internship with Fox Creek Cattle Company through the Boots to Agriculture Internship. KCARD assists with this internship as part of the Kentucky AgVets Program, which helps veterans and transitioning service members who are interested in agriculture access resources, internships, and educational opportunities.
In order to diversify and increase profits, many farms are adding value-added products to their lists of offerings. For produce farmers, “value-added” refers to processing their fruits and vegetables into another product of higher value, such as jam, salsa, or pre-cut/ready-to-cook vegetables. While this can help bring extra revenue to the farm, it’s important to consider the extra time and money that will go into launching a new value-added product. If you’re thinking about introducing value-added products, start by considering these questions.
Your online presence is a key part of your marketing plan. You can use your social media pages to build your brand awareness, develop relationships with customers, and even to make sales. Though each social media network is different and has a specific algorithm, here are three tips to maximize your social media presence across your platforms.
Nestled in between the small towns of Tompkinsville and Gamaliel in southcentral Kentucky, Patterson’s Butcher Shop is a recently opened custom processing business and meat retail store owned by Jorden Patterson Emmert. They offer custom slaughter and a wide variety of retail cuts, including beef, pork, lamb, goat, and ready to cook meals.
Many KCARD clients sell their products at their local farmers markets, so we've compiled some tips to help you have the best possible experience when visiting the farmers market. Remember that when you shop at your local farmers market, you are paying for a fresher, tastier product that benefits your local economy by keeping every food dollar local.
In May 2020, KCARD launched the Kentucky Local Food System Expansion Initiative through support from an USDA Local Food Promotion Program grant. The goal of the Initiative is to increase local food sales for Kentucky producers by developing sales connections with buyers such as retail stores, institutions, restaurants, schools, and distributors. At 24 months into the Initiative, we wanted to provide a quick glimpse at producers who have been assisted thus far.
We get asked all the time how to get “free money” in the form of grants for on-farm projects. The answer is pretty simple: there is no free money. While grants can be a helpful way to fund worthwhile projects on the farm, there is a lot of work that goes into receiving a grant. In this post, we discuss some of the key steps of the grant application process.
Are you interested in serving as a mentor for the Kentucky AgVets Program or have an interest in participating in the program as a veteran? Mentorships will be designed to provide hands-on training and develop a network for veterans looking to start their career in agriculture.
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.
