Many farmers and agribusiness professionals are not aware of the various financial assistance opportunities that are available to them. In this blog, we will talk about the loan options offered by the USDA. Funds are available to those just starting out in agribusiness and to experienced professionals. The following programs are available: Loans to purchase … Continued
Many agribusinesses have seasonal workers who may be considered employees or independent contractors. Let’s look at the differences between each.
You’ve successfully set up the accounting software, now learn how to set up vendors & how to enter bills in QuickBooks!
Get The Most Out Of Your Farming Accounting Software By Linda Lehman – Senior Staff Accountant As the owner of a farm, whether it’s a small family farm or a large operation, there is considerable activity when it comes to keeping track of your business income and expenditures. This not only includes payments you receive … Continued
If you’re in the business of agriculture, you know the value of a hard-earned dollar. Just like any business, farming requires tact and grit to sustain your operation for years to come. You’re already familiar with the physical work that goes into managing a farm, but what about bookkeeping? What accounting software is best for … Continued
When it comes to keeping track of the revenue coming into your agribusiness, and the expenses you take on during day-to-day operations, you essentially have two different types of accounting methods to choose from. You have likely heard of them…. cash accounting and accrual accounting. It is important to understand the difference between the two … Continued
What are KPIs and how can they help you run a successful agribusiness? KPI stands for Key Performance Indicator. These are measures that are both financial and non-financial in nature that help you measure the overall health of your operation. Of course, the types of KPIs you put in place will vary from industry to … Continued
Cash flow is important to any farming operation. But you can’t just monitor your pennies and dimes. You must plan out your cash flow and prepare for changes in your plan along the way. Farmers should be working with their accountant to set a budget and execute cash flow forecasting. This exercise allows you to … Continued
The day has come… the day you are finally ready to truly tackle succession planning. This exercise can be scary, emotional, and draining. But it can also be rewarding and give you a sense of clarity about your future and the future of your business. So, how do you really get the ball rolling here? … Continued
H&M is proud to share a partnership with Ohio’s Country Journal. We are now in our 7th year of contributing a monthly article to the publication, which serves as the premiere source of information about agribusiness and agriculture in Ohio. H&M principal, Brian Ravencraft serves as the head author for these monthly installments. Brian is … Continued