Farm financing
Farmland: Where the Wealthy Store Their Money Higher net worth people know from experience that the key to growing and storing wealth is through leveraging real estate, particularly agricultural real estate. As the saying goes about land, “it’s the one thing they’re not making more of.” Many people with wealth prefer to store it in…
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Brian Rogers farms near Aline, Oklahoma, where he also provides mechanic services and runs a custom hay business to supplement his farm income. He went through a period of financial difficulty and needed some help to get through it. “With commodity prices the way they are, it’s a little tough on us little guys,” said…
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Running a farm is more than just a job; it’s a way of life. With a feast-or-famine workday and crop or livestock yields that can be wildly impacted by many factors outside your control, keeping your farm cash-flow positive all year long can often be a challenge. For these reasons farmers can have a hard…
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Applying for small business loans can be frustrating, and according to some surveys, lenders reject roughly 66 percent of applications. Three of the most common obstacles to getting SBA 7a loans are poor credit scores, lack of business assets and no business plan, but beyond that, there are other hurdles in the process. To improve your…
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You’ve probably heard the phrase you need to spend money to make money. And whether you’re running a farm or any other type of business, that sentiment is largely true. However, in some cases, you need to borrow money so you can spend it. Taking out a loan costs money, but there are ways to save.…
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