Towing Entrepreneur: Take Care Of Your Finances

September 28, 2022
Clarice Clair

The quality of an entrepreneur is not only measured by the health of his company, but also by the health of his private finances. What if the key to success was to manage them like your company’s finances, that is, with foresight, rigor and backed by the expertise of professionals?

Separate your personal and professional finances

The top priority when managing your assets is that private expenses must not be met with company funds. Your private assets should not be used to cover operating costs or to secure any liabilities of the company. In addition, the private use of loans that your company has taken out is prohibited.

This does not mean that you cannot receive dividends if the operating result allows it, nor that you cannot secure a bank loan for your company with a personal guarantee. The goal is to get a clear view of your personal and professional finances before the question of any interactions arises. As a result, the first task is to clearly separate your personal accounts from your work accounts. Only then do you determine what proportion of your private assets you are willing to invest in your company projects.

Separating work and personal finances allows for sound management of your finances. This also proves your professionalism and increases the trust of your bank, for example when you apply for financing.

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Managing your personal finances

No responsible Towing San Jose CA entrepreneur would think of neglecting his company’s finances. Why should this be any different with private finances? Manage them in the same way and use the same tools as you do for your professional finances.

The personal balance sheet showing your assets and liabilities. This balance sheet of your financial assets gives you an overview of your situation at a specific point in time.

It shows your regular income and your expected expenses. This allows you to estimate the development of your financial assets and make adjustments if necessary.

In accordance with your professional goals, you create reserves to expand your business activities, to renew your company’s equipment and for innovation purposes. Do the same with your private assets. A major purchase, your retirement, or the inheritance you’ll bequeath to your children are also goals that require careful planning. You should manage your private finances just as conscientiously as your professional finances.

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Finance: Vital Tips For Effective Budget Plan

September 3, 2022
Clarice Clair

Money makes the world go round. You work for money in order to be able to offer yourself a high quality of life. Given the importance of money, you don’t want to be blind to your own financial realities.

With proper planning and budgeting, you can get the most out of your hard-earned money and achieve a level of security when you’re in control of your income, expenses, and overall financial situation.

Time and money

Typically, you want to set a monthly and yearly budget. Income and expenses are likely to change after a year. So, longer-term budget projections aren’t helpful for anything other than getting a very general idea of ​​what the future might look like.

The best money tracking app is a great way to visualize the complexity of your budget over time. Tools like this can help you organize your monthly and yearly budgets in a logical way.

best money tracking app

Benchmarks of a realistic budget

Of course you want to earn more than you spend and save some, but it’s not as easy as it sounds. When setting your budget, you have to be brutally honest with your expectations.

A realistic budget meets at least all of the following requirements

  • Consideration of all costs and income
  • Is not too generous
  • Spend a certain amount of money on savings
  • Takes into account possible emergencies and surprise costs
  • Includes reasonable costs for food, accommodation and utilities
  • Determine your income

Calculate your costs

Put simply, your costs are your expenses. To better understand your costs in the context of your overall budget, it’s important to break down your costs into fixed and variable costs. With this information, you can better understand your cash flow and identify where you can save.

Your fixed costs are unlikely to change in the short term, but will in the long term. With an annual budget, it can be assumed that these costs are stable. If you rent on a monthly lease, your rent may change throughout the year. Therefore, allow an additional 20% of your finances for total annual rent, just in case.

Variable costs

These are the costs that should change every month. Variable costs are made up of essential and non-essential costs. Core costs are the things you really need, and non-core costs are the extra things you can safely live without.

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High Economic Performance Of Agriculture

August 30, 2022
Clarice Clair

 

Agriculture, forestry and fisheries are still important economic sectors as part of the national economy.

Agricultural purchases support the rest of the economy

Farmers demand many resources, capital goods and services. Primarily, the small and medium-sized businesses from trade, crafts and trades have economically close relation to agriculture.

Many farms also use a wide range of services. These range from advice on maintenance work to animal health and quality monitoring. Production-related expenditure in agriculture can amount to billion dollars every year. Government use finances from the agricultural sector to invest in machinery and buildings.

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Founding Bathroom Cabinets Sole Proprietorship

August 20, 2022
Clarice Clair

Most start-ups are sole proprietorships. Starting alone or as a solo founder has advantages and disadvantages. Very common legal forms for sole proprietorships are small businesses or freelancers. However, these are linked to personal liability. Therefore, remember to hedge larger risks.

For sole traders who want to exclude personal liability, there is also the option of becoming self-employed with a corporation.

What is a sole proprietorship?

Sole proprietorships are any business such as wholesale bathroom cabinets craft founded by a single person. The solo founder forms the company without a management team. Certainly, he can employ employees. The sole proprietor owns 100% of his business and can make decisions without having to consult a co-owner or a co-managing director first.

The term sole proprietorship is not defined in the law. In practice, therefore, you have the choice between different legal forms if you are founding a sole proprietorship or are planning to start a business as a sole proprietor.

wholesale bathroom cabinets

Setting up a sole proprietorship for bathroom cabinets: Advantages and disadvantages

When you set up your sole proprietorship, you have several legal forms to choose from. These legal forms differ in the founding process, the accounting obligations and the taxes. The question of naming is also an important decision criterion when founding your sole proprietorship. Only incorporated merchants and 1-person corporations can give your business a fancy name.

Freelancers, small traders and registered merchants are legal forms with unlimited liability. The owners of these sole proprietorships are therefore also liable with their private assets for all of the company’s debts with their own assets. On the other hand, the incorporation process is very simple for these three legal forms. The 1-person corporations offer the possibility of reducing the liability risk on the assets of the company.

The advantages of the uncomplicated foundation and the chance to be one’s own boss make the sole proprietorship a popular legal form. However, the liability risk hovers over the founder. In any case, the founder of a sole proprietorship should take care of adequate insurance cover. Anyone who chooses the legal form of a corporation when founding a sole proprietorship should know that the obligation to publish the annual financial statements is the price for the reduced liability.

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The Benefits of SEO for Businesses in the Agriculture Industry

August 18, 2022
Debby Micah

In 2018, 78% of online purchasing decisions in the US started with a search engine search. Over 40,000 searches per second worldwide and over 3.5 billion searches per day. Well, that’s a massive amount of sales opportunities to discover.

Phoenix SEO helps small business owners like farmers and agriculturists to compete with industry giants for a fraction of their paid advertising costs. Properly implemented SEO can give your business “expert status.” In this industry, it’s all about reputation and relationship building.

Update website with high-quality content

The best way to update your site regularly is to write a weekly and monthly blog. Google loves websites that are regularly updated. The more time you spend reading the latest blog posts on your site, the more Google will love your site and actively boost your search rankings. Quality content doesn’t end with a few blog posts. Ensure all title tags, meta descriptions, and image names are relevant and helpful. The more you support your website visitors, the more relevant search phrases will rank for you.

Make sure your website is mobile-friendly

With so many people on mobile devices accessing the internet, your website should be easy to navigate no matter what device your visitors use.

The legacy desktop version can be challenging to view and use on mobile devices. A site is not user-friendly if visitors have to pinch or zoom in to read the content. When users get frustrated, they leave your site searching for a working site. 

Embed Videos and Images 

Images and videos give website visitors a reason to stay longer on her website and increase their chances of becoming customers. You should use graphics and photography throughout your website to present visitors with relevant visuals to your business. Use videos to your advantage by starting a YouTube channel, posting videos, and embedding them on your website.

Add Internal Links

This is a perfect and easy SEO technique you can use immediately. Read the text already on the site. Are you linking to other relevant pages on your site? Link these! Do your blog posts mention different products? Hyperlinks to these product pages.

Build Quality Backlinks

Quality over quantity is essential in any search engine optimization, and backlinks are part of it! Get links to your site from authoritative websites.

Set Up Google Accounts

Google offers a variety of ways for businesses to reach potential customers. Signing up for Google My Business, Google Plus, and other services helps Google understand your business better and show it to more people.

SEO is great for any industry, but it can be highly beneficial to farmers since their crops and animals are not just a part of their livelihood but also an integral part of their business. The prime benefit these farmers get from having an optimized farm website is that they are found faster by potential customers and more often.

Farmers who have created websites for them can better promote themselves as a viable choice to generate more sales than those who don’t invest early in search engines.

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Value Of Insurance For Construction Financing

August 9, 2022
Clarice Clair

Thanks to cheap real estate financing, people with an average salary can now find their way into their own home. This provides an excellent basis for old-age provision. In addition, your own four walls can later be passed on to your offspring. However, buying and owning a home comes with certain risks. For example, fire, hail, storm or lightning can damage your home.

Why is insurance important for homebuyers?

To protect against the financial consequences of certain risks, it is advisable to take out some insurance. They replace, for example, destroyed furniture and other furnishings. There are also policies that cover the cost of repairing damage to buildings. If you have not taken appropriate risk insurance, you must bear the financial burden yourself. In the case of major damage, this can amount to many thousands or tens of thousands of dollars.

Anyone planning to build a house should also deal with the subject of insurance and construction financing in detail. When erecting a building, mistakes and problems can occur that quickly lead to financial overload.

Insurance for construction financing: Overview

In order for homeowners to be able to face a wide range of risks, they should consider taking out certain types of insurance. The following policies are suitable for securing your property:

  • Homeowners Insurance
  • Household insurance
  • Home and landowners liability insurance

Insurance of this type serves to protect property. If you want to buy a house or an apartment, you should check in advance which of these safeguards you need. In addition, building your own home comes with additional potential imponderables.

business owned life insurance

Additional home insurance

When building a home, a wide variety of causes can make the construction project more expensive or endanger it. You are also liable for damage caused by the construction site when building a house. It is conceivable, for example, that roof tiles loosened by a storm could damage surrounding properties or parked vehicles. If you want risk protection for this, you need builder’s liability insurance. As a property owner, you might as well need to get business owned life insurance.

Which types of mortgage lending insurance are mandatory and recommended?

In general, you are not obliged to take out appropriate policies either when building a house or buying a property. However, uninsured homeowners have to bear all the financial consequences themselves, such as damage to the building or inability to work.

It is difficult to give general advice on which types of insurance are necessary and which are possibly superfluous. The required policies depend too much on the personal financial situation and on the property to be financed or the building project.

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Sustainability And Financing In Agriculture

July 21, 2022
Clarice Clair

Sustainability means the preservation and at the same time intelligent use of natural resources. There is a challenge when it comes to sustainable management.

The development goes from classic agriculture to the sustainable management of renewable raw materials not only for nutritional purposes. In addition, industry players have to deal with related issues such as environmental protection, animal welfare and the production of high-quality food.

Industry-specific financing solutions for the agricultural sector

For companies that are active in agriculture, fast and easy financing options play an important role.

Corporate loan

A company loan can usually provide a quick remedy for production peaks. For example, this is ideal when financing operating resources.

Factoring

Selling receivables is a good way to obtain short-term liquidity without having to use expensive lines of credit.

Corporate leasing

Leasing is a liquidity-friendly financing option. No collateral is required.

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Finance and Productivity of Agricultural Firms

June 5, 2022
Clarice Clair

Agriculture is the main source of income among the rural poor worldwide. Agricultural growth can decrease rural poverty rates quicker and more efficiently. One significant vehicle to attain growth in the industry is finance.

What is preventing farmers and agricultural businesses to obtain finance?

Geography is a major reason. The large geographical dispersion of clients and low population density in the countryside make it hard for banks to work at a profitable scale. The absence of financial institution outlets has translated into a limited provision of saving and credit products to agribusinesses and farmers.

A second factor preventing financial institutions has something to do with the general risk related to agricultural activities. When adverse weather conditions happen, they naturally affect a big number of firms and farmers instantaneously. This makes it more difficult for financial providers to expand their portfolio of clients. When one client fails to pay, many others will be in the same situation. The political motives or paternalistic behaviour that governments may have can aggravate this problem.

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Benefits Of Smart Finance For Farms

April 13, 2022
Clarice Clair

In some key areas, it is particularly important for farms to have an adaptable and smart financing model. The circumstances in a global economy are constantly changing. Those who recognize this early on and react to it with the appropriate financial means can continue to increase sales and survive against the competition.

Investments in modern technologies become possible

Automated processes in ordering, harvesting, sorting and processing now enable an efficient increase in sales. It can help to increase the quality of the products. Factoring is the right financing option for agriculture. Thanks to quick liquidity, you can invest in new technologies and implement the restructuring of your own company. In this way, you can fully exploit the growth potential and initiate modernization processes.

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How Agriculture Financing Help Farmers

March 8, 2022
Clarice Clair

If you have an agriculture business, you are aware that farming can be costly. The costs of running and starting up a farm can be overpowering.  Probably, you’ll need financing especially if you’re new to the industry. This is where agricultural financing comes in.

Agriculture financing to buy farm equipment

If you’re just beginning out in the agriculture industry, you may considerably underestimate the value of specialized equipment. Thoroughly research the costs and options for the equipment you’re going to need before you over commit. Make sure it fits into your business plan.

Consider consulting with other people that have experience in the industry to get their insight on what kind of equipment you’ll need.

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Financing The Agriculture Sector

January 10, 2022
Clarice Clair

Agriculture plays an immense role in the life of people, especially in developing countries. It has a great impact on people living in rural areas. Numerous people rely on agriculture as a source of their daily income.

Nevertheless, getting agricultural finance can be a problem for most farmers. Numerous people are not able to access financial support for their agricultural needs. This can possibly be a limitation for farmers to grow. This could be an issue for them not to benefit from new technology and devices that can expand in their agricultural needs. All these new devices and technology can help increase production and proficiency.

Use of financial machinery in the agriculture industry

The finance sector has a key role to play in permitting agriculture to contribute to poverty reduction and economic growth. A speedily evolving technological landscape is opening up new possibilities to target and price credit. At the same time, many difficulties are not technological. Thus, it is vital to seek strategic places where investment and policy can help to increase outcomes for agricultural households.

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Financing the Agriculture Sector

December 5, 2021
Clarice Clair

The sector of finance has a main role to play in letting agriculture contribute to poverty reduction and economic growth.

Importance of financing Agriculture

Agriculture finance take on vital and substantial importance in the development of agro, socio, economic of a country. This is both at the macro and micro levels.

Financing agriculture can play a catalytic part in augmenting the production of scarce resources. In addition, it plays a crucial role in strengthening the farm business.

Developing access to finance can raise the investment choices of farmers. This can provide them with more efficient tools to handle risks.

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Innovations Has A Great Impact To Farmers

November 12, 2021
Clarice Clair

Agriculture is rapidly changing due to technological innovations. Precision farming using Artificial Intelligence (AI) and machine learning or a drone as an agricultural assistant. Smart systems are everywhere these days; from the high-tech buildings, automation to automatically playing your favorite morning tune with Amazon smart speakers. One of the fastest-changing sectors due to technical innovation is arguably the agriculture sector. If you are interested visit this site LA Century Law.

Fewer resources, more potatoes

The time of the small (local) farmers who produce for self-sufficiency is over. Many small subsistence farmers have been transformed into large professional farms with optimized production processes. Technology adoption in agriculture has made this possible. This transition is partly due to the need to get the most results with as few resources as possible. On the other hand, there is an increasing need for sustainable production processes on a global scale. The sustainable debate is open, consumers are increasingly concerned about the use of pesticides and sustainable use of scarce raw materials is high on the agenda. Agriculture had to evaluate.

Technology and Agriculture

Technical innovation in agriculture: smart farming

Farming teams around the world are experiencing a growing interest in agricultural technology. Wageningen has now established itself as one of the most innovative and renowned agricultural universities in the world. The government, agribusiness, and knowledge institutions have joined forces to enable technological innovation in agriculture.

Automation

is one of the spearheads when we talk about technology innovation in agriculture. Farmers are now making full use of automated milking and feeding systems, saving people and resources in this way. Together with the IoT (which we will talk about in a moment), automation enables energy savings and optimal growth of crops and livestock by delivering exactly the right raw materials or care at exactly the right time.

Robotics

more than a quarter of the Dutch dairy milking robots. There are thousands of them worldwide, often of Dutch descent. Robots help farmers with milking, but also with cleaning up manure. It is estimated that by 2026 the industry will be worth about $ 8.5 billion. In addition to milking robots, there are now robots that can recognize crops, hoe weeds, and analyze plants in order to take a specific action.

IoT (Internet of Things)

Where self-driving cars are on the way, this also applies to autonomous tractors. Self-driving tractors, unmanned helicopters, sensor technology, and autonomous drones help farmers organize the production process more efficiently and collect important data. Smart sensors are used to measure soil and air quality and then act on this by, for example, automatic spraying. IoT and machine learning make precision agriculture possible ( also known as; smart agriculture). This is a form of agriculture in which plants and animals receive exactly the right treatment by means of sensor technology. These sensors collect data on soil and crop behavior, animal behavior, machine status, storage tanks, and climate, and other environment-related measurements. This information is forwarded to the cloud. The use of sensor technology has been used in other sectors for some time, for example with the building automation app that we developed for Vandlanden.

Data management & mobile applications

is in an emerging gear in agriculture. According to experts, data management may soon be even more important than robotics itself and this is where the major opportunities lie for the agricultural sector. More and more often, for example, the Netherlands monitors customers in another continent by means of computer-controlled control techniques. Mobile applications are also increasingly being developed for agriculture and farmers. An example of this is a mobile app in Myanmar for local farmers. The app provides farmers with up-to-date information about market prices and they can order products with their mobile. Another good example is John Deere, a company that manufactures farm equipment. John Deere saw opportunities in the market by offering big data services. For example, they are adding smart sensors that provide all kinds of information via an app. Not only does it offer a unique and huge dataset, but John Deere also has a completely new source of income.

Technical innovation in agriculture

A sustainable future through smart farming using complex digital assets
Receive a text message when it is just the right time to harvest, a drone that flies over the land collecting data, and a robot that then harvests it in the most efficient way. By deploying smart technologies, the full potential of agriculture can be exploited. This includes sufficient sustainable food, employment, and the development of stable economies for less developed countries. As an innovative app developer,

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Financial and Agriculture Sector

October 30, 2021
Clarice Clair

In this modern world of financial inclusion and economic development, it is sometimes tempting to oversee the basics that promote growth.

Success in the financial and agriculture sector

One basic is the agriculture industry and its relationship to the success and growth of the financial sector. Upon a quick observation of the two industries, the contrasts could not be more obvious. The financial industry, with its exchange markets, banks, and insurance companies, can perceive a realm for success. It is where money is abundant. On the other hand, people perceive the agriculture sector with its smallholder farmers with limited resources as the realm for limited opportunities.

It is very vital to understand that finance and agriculture must go hand in hand. This way, they can reach the heights of their possible success.

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Careers in Agriculture

August 15, 2021
Clarice Clair

When people hear about Agriculture they relate this word to just farming. This persists because farming is the corner stone of the Agriculture industry. But we have to understand that there is much diversity in agriculture. Here are some misconceptions about what you think about Agriculture.

  • Planting something in the ground, harvesting and selling the crops.
  • It’s a career that brings you nowhere.
  • You have to actually grow up in a farm to have a career in Agriculture.
  • It’s a heavy and sweaty work but in reality it is innovation driven.

In agriculture there is endless possibilities and opportunities. It may not be easy but you can be successful in choosing a career in Agriculture. Here are some careers you can pursue in this Industry.

  • Agricultural Operation’s Manager. The average annual salary is $61,080.00.
  • Animal geneticist. The average annual salary is $68,840.00.
  • Food Scientist. The average annual salary is $71,990.00
  • Agricultural engineer. The average annual salary is $74,480.00
  • Agronomy Sales Manager. The average annual salary is $76,470.00
  • Bioinformatics Scientist. The average annual salary is $80,200.
  • Environmental Engineer. The average annual salary is $86,800.00
  • The average annual salary is $91,190.
  • Agricultural economist. The average annual salary is $104,920.00.
  • Agricultural lawyer. The average annual salary is $115,820.00
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Sustainable Agriculture in Brazil

July 15, 2021
Clarice Clair

Sustainable agriculture is vital to a nation’s economic and climate goals. It limits deforestation while increasing crop yields. It boosts climate resilience while generating income.  An emerging trend in sustainable agriculture is ICLF, or Integrated-crop-livestock-forest systems. In Brazil alone, it has the goal of implementing 500 million hectares of ICFL systems by 2030 to reduce greenhouse gas emissions.  Yet, ICLF adoption rates remain low. This is mainly due to credit line that are poorly adapted for its implementation and lack of information.

The Sustainable Agriculture Finance Facility, or SAFF, is a vehicle to increase the adoption of ICLF through a combination of accessible and customized credit lines, a unique certification system, specialized technical assistance and a certified sustainable suppliers’ market. A bundle of five credit lines will be offered to compliant farmers for costing, soil correction, cattle, machinery and forestry.  In addition, farmers certified by the SAFF earn a unique trust score which is updated weekly. This will allow for better credit evaluation and environmental monitoring.

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Blended Finance for Agriculture

June 15, 2021
Clarice Clair

The future of the environment and businesses are closely interlinked. Climate change now poses the biggest and most obvious threat to the global economy over the next decade. Market and reputational risks as well as regulatory pressure on companies linked to unsustainable soft commodity production means current business practices need to change. With many already exposed to potential stranded assets. So how do we redirect private capital to avoid forest and biodiversity loss. We should improve and educate local communities and ensure that the agricultural sector thrives through profitable business models.

Combining the capabilities of banks, government agencies, and agri-businesses through blended finance instruments is key to transforming the way we finance sustainable land use. There are already some organizations that started this program and it finances many sustainable agricultural businesses. The success of this program will lure other banks, investors and agribusinesses to finance projects that combine financial performance with clear environmental and social benefits. It is impossible to achieve sustainable development if we cannot finance it. Both the private and the public sector should work together to achieve this goal.

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How Banks Grant Loans to a Farmer

May 15, 2021
Clarice Clair

The decision to lend by any bank ultimately depends on a client’s ability to repay the loan. This in turn is also dependent on the client’s cash flow. Insufficient cash flows equal non-repayment. No matter what the size or scale of the farmer’s estate or reputation, a bank will its knowledge and agricultural expertise to estimate cash flow of a farmer. The banks decide whether the farmer will be able to repay the loan. Sector specific knowledge will also be used to shape the terms of the loan and establish how best to monitor the client throughout the season so as to be able to quickly spot any issues. Lending to farmers and assessing cash flows presents a number of challenges less prominent in other sectors.

Cash flow with agricultural production is not regular. It is somewhat lumpy. When producing a crop the farmer will often need to invest on seeds, fertilizers, pesticides, labor, maintenance and harvesting upfront. Yet farmers will only receive an income from their crop once they have harvested and marketed it. Depending on the crop, the farmer may only receive income once or twice a year. This lumpiness needs to be taken to account when scheduling loan disbursements and repayments. Banks will typically monitor a loan performance based on the receipts of regular payments taking an early action when payments are delayed. When loans are repaid with just one payment at the end of the season however banks may want a regular visit to the farm throughout the period of the loan. This allows them to check in with their borrower and insure that crop production is on-track. Along with the regularity of payments, farmers yield and prices in agricultural production will also vary from season to season.

Often based on factors beyond their control such as the weather. A loan officer ensure they factor in any potential fluctuation and use appropriate sensitivity when forecasting cash flow for an agricultural client. The loan officer needs also to appreciate that small holder incomes and expenses are not solely reliant on agriculture production. But it needs to be considered in relation to the entire households’ finances.  Cash flow forecasting must assess the household’s position in its entirety with repayment capacity based on whether they is sufficient household cash after all expenses have been considered. Essentially a bank should only lend to farmers if they can accurately assess the household’s complete financial situation and projected cash flow throughout the loan period. Otherwise there’s a risk of being caught out come payment time.

 

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Making An Investment In Agriculture – What You Need To Know

April 23, 2021
Brenden Carlisa

Having an investment portfolio could be very helpful in realizing your long-term financial goals. For instance, being able to fully pay your mortgage at an earlier time, build a place where you could retire, or perhaps pay your children’s university fees. While having a savings accounts provides easy access as well as the protection of a guaranteed capital, returns could be small and insignificant. On the other hand, investing in stocks, bonds, bank products, commodities and other investment options can offer stronger and bigger returns in the long run, although the level of risk is high.

If you decide to make an investment in any of these, it is imperative that you choose a reliable brokerage firm with a simple yet efficient trading platform. For instance, ROinvesting started in 2017 and is regulated by Cyprus Securities and Exchange Commission (CySec). This online brokerage firm offers CFD trading on an array of assets, which includes stocks, forex, commodities, gold, and even cryptocurrencies. To find out more, check out roinvesting reviews.

Investing In Agriculture – What You Need To Know

When it comes to investing, many go for the usual investments products so many are hesitant to make an investment in agriculture, particularly those who don’t have enough experience or knowledge in the land industry. One common conjecture is that merely farmers are knowledgeable about agriculture making them the only ones confident enough to make an investment in it. But, agriculture could be an excellent investment not only for investors but for anyone. However, before you start investing in agriculture, there are some things that you have to know.

There Are Many Ways To Make An Investment

There are numerous ways to make a profit from agricultural land as well as be able to do a lot of them at the same time. Investors could earn from the returns of the yearly crops. Moreover, over time, a land of good quality historically grows in value, which means by simply holding the agricultural land could generate revenues as its value increases.

Agriculture As Inflation Hedge

Historically, the price of food increases over time allowing agriculture to act as a hedge against inflation. It is an investment which is protected against the negative and unfavorable cost of inflation to an investment. Population growth of the future is also beneficial to making an investment in agriculture. Since the global population is predicted to increase to 9.8 billion by the year 2050, the demand for food will also increase. To meet the demand for food and feed the ever-increasing population, there will be a need for a dramatic increase in the global production of food. With the increase in demand of food, there could be an increase in the crops’ value as well.

Offers Long-term Investment

When the economy is healthy, people frequently place their money in stocks with high risk and high rewards that provide fast and huge ROIs. Crops require a certain time for them to grow and thrive. Certain crops may take years to reach its maximum potential. But then again, as food is a necessity, there will at all times be a steady and stable demand for food. Hence, this kind of investment could add slow yet steady growth towards your savings. This may drive you to rather invest in stocks that can make you rich really quick. However, making an investment in stocks that are safe and with slow returns is imperative for the general wellbeing of your investment portfolio.

Investors Are Protected By Crops Insurance

With numerous factors that could affect the planting season, investors may be hesitant to make an investment in agriculture. But you shouldn’t worry since crops insurance was made to provide protection both investors and farmers. In the event crops are ruined because of natural causes or there is a drop in the value of the crops, the farmer will still be receiving funds from the insurance provider. Therefore, investors could still receive their yearly returns.

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Real Estate vs Agriculture: Which One Should I Invest Into?

April 20, 2021
Debby Micah

Farm Houses

 

Savvy investors have realized the benefits of possessing real, real estate assets, particularly those backed by inherent property. Property, both residential and commercial, is likely most recognizable to other investors. But agriculture provides lots of the very exact advantages and will help diversify the true advantage elements of your portfolio. Generally, both industrial property and agriculture create returns by collecting rents from tenants and yields in the appreciating value of the property and the improvements on this property.

Variety is the Spice of Life

Both property and agriculture represent a broad spectrum of land (or harvest) forms. The real estate investment world consists of single-family houses, multifamily apartments, commercial office buildings, and retail stores. Every one of these classes can be further split into more technical locations. Production agriculture comprises specialty crops, row crops, lumber, livestock operations, plus also a few newer types such as vertical and agriculture. And, these numerous products could be further specialized in classes by how they’re grown, including farming, organic farming, and also from the scale of their operation.

 

ALSO READ: Financial Opportunities in Agriculture in Developing Countries

 

Location, Location, Location

Location is equally as crucial in agriculture because it’s in a property. In property, a desired business real estate may be found on a high traffic junction or even some multi-family asset could work better in a place having a growing and diversified market. If you have a house at an ideal location that you can sell (check out, the value can be increased tenfolds than when it is anywhere else.  In agriculture, even a desired farm has great land, access to water, and proximity to infrastructures such as streets or processing centers. In addition, while one property marketplace or land type may be on fire, many may have fallen in favor with investors or just because they’re in economically depressed regions. Unlike property, the goods of agriculture are portable, so commonly the products generated may be carried across state or global boundaries. Obviously, some products, such as coffee or cocoa, are significantly much less perishable than other people, such as poultry or lettuce. Before investing, it’s very crucial to comprehend the comprehensive supply chain of an agricultural product, from manufacturing to processing, to transfer to market.

Ups and Downs

Ordinarily, both property and agriculture investments have been long-term, illiquid, and thus do not endure the volatility of their stock exchange. Like property, agriculture products have a tendency to move in cycles, and even if costs of a specific harvest are miserable for an elongated time period, the land worth can start to fall also. These market drops offer the opportunity for the clever real advantage investor. With few exceptions, agriculture seldom undergoes “bubble” markets, like the ones that happened in residential property ahead of the financial meltdown of 2007-08. Later on, the two asset categories will profit from unstoppable market tendencies. Home and meals are just two requirements whose need increases with an increasing population. International urbanization decreases arable land, rising farmland values. Ultimately, as populations rise in prosperity, they are inclined to consume more protein, yet another factor limiting the long-term prognosis of farming investments.

 

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The Role of Land Banks and Agricultural Cooperatives in the Agricultural Sectors

April 15, 2021
Clarice Clair

Agriculture plays a very important role in the development of a nation’s economy. It contributes a big percentage in a country’s GDP and the population depends upon this sector. But most of the times farmers are faced with the problem of inadequate financial state. Professional money lenders are the easiest way for farmers to get credit. With the creation of Land Development Banks and Agricultural Cooperative, farmers were able to seek help from these establishments which has contributed so much in the improvement and development of the agricultural sector. They advance credit mostly for agricultural purposes.

 

 

 

The creation of Agricultural cooperative has also help in the sector’s improvement. Through agricultural cooperatives farmers can pull their resources in certain areas of activity. They provide services to their farming members. The cooperative is mostly founded and managed by farmers. The farmers pool their resources to improve the way they produce and sell. The agricultural products raised in their farms like milk, fruits, meat and vegetables are collected and processed by their cooperatives. They become the products that the community eat and consume.

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Financial Opportunities in Agriculture in Developing Countries

March 15, 2021
Clarice Clair

People in rural areas in some developing countries earn their living through farming and agriculture. Oftentimes these farmers experience difficulty in obtaining financing for their farming needs. This can greatly impact their production. In reality this is a troubling situation to many farmers in this countries. Many organizations have been established to provide special financing services to these farmers that are adaptive to their needs. This will allow them to improve their living conditions and at the same time help it will increase their self-sufficiency for food production. Access to financial services is still a great problem to some areas in developing countries.

 

 

 

 

 

 

Financial Services and products which are offered to farmers:

  • Deposit services
  • Loans

These loans and deposits can finance the purchase of the following:

  • Fertilizers and seeds
  • Equipment needed to modernize production
  • Warehouse credit
  • Micro processing and commercialization

 

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New Innovations in Agriculture

February 15, 2021
Clarice Clair

Over the next decades a new innovation will revolutionize the efficiency of farms all over the world. It will be a breakthrough in the Agriculture sector.  This will not come soon enough but. In the year 2050 it is estimated that the human population will be nearly 10 billion. This means we need to double the amount of food we now produce. To attain this, it needs the intervention of the government, and all sectors in the society. We also need to consider how to finance this.

The changes brought about by technology specifically in farming has allowed farmers to do other things in life. There has also been a surge in productivity.

Examples of innovations in agriculture are:

  • Autonomous Picker.  This machine can work twice as fast as humans do.
  • Robotic weed and Pest killers. Instead of manually removing the weeds, this device uses lasers to zap the weeds away. This has a big impact in Agriculture since many crops are destroyed by pest and disease.
  • Micro-sensors. This sensor monitor crop growth and will alert farmers in their smart phone if there’s a problem or when the crops are ready to harvest.
  • Robotic Soil Sampler. It takes and liquefies soil samples to know its Ph and phosphorous levels all in real time.

This are just a few, note that there are many more innovations in Agriculture.

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Sustainable Agriculture

January 15, 2021
Clarice Clair

Vegetable farmers in many places especially in rural areas rely heavily on the use of synthetic fertilizers and pesticides, which are not only toxic but costly. Thus farmers sometimes get sick, face declining incomes and in the process destroy the environment and endanger the health of not only them but the consumers. This is significant because it poses a big risk to both consumer and the farmer. Many organizations are actively promoting viable alternatives through environment-friendly farming technologies and innovations. Bio dynamic farming is one option for this. It has the principles of practicing farming technologies that adhere to chemical free farming.

Sustainable Agriculture

 

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How do you raise the financing of a farm?

January 13, 2021
Clarice Clair

Nowadays, even those young people who did not grow up in agriculture decide to take over a farm. It attracts independence and the resulting professional and private creative freedom. Aside from investing in one of the top bitcoin mixer, some people want to try investing in agriculture.

However, starting a business in agriculture not only requires “staying power”, but also a well-developed financing plan.

In contrast to a leisure business, a farm that strives for financial profit is referred to as a farm. Agricultural areas include arable and plant cultivation as well as animal breeding, but also forestry, fruit growing and viticulture. Nowadays, technology has caught up with these areas, so that many necessary investments in the technology area are very cost-intensive.

Important steps for starting a business

Certain bureaucratic measures are absolutely necessary for setting up your own farm. This includes, among other things, the registration of the company with the municipality and the mandatory registration with the Chamber of Agriculture. In addition, the tax office wants to be informed, questions about income and sales tax payment must be clarified.

In addition to these steps, the question of financing is of course crucial for starting a business – not only in agriculture. Therefore, as in other industries, it is important to develop a well-founded financing plan in order to know how high the costs are that have to be borne.

Which type of loan is the right one?

Agriculture is a capital-intensive industry, so an equity share of at least 30 percent is recommended when setting up or taking over a farm. The rest of the required sum is taken out as a loan and then repaid piece by piece. A prerequisite for continuous repayment is of course that a profit can be foreseen in order to be able to cope with the repayment. The “golden rule of financing” provides that the length of the repayment corresponds to the life of the investment object.

Use state funding programs

Especially for the agricultural sector, start-ups have various funding options available. An early application is important in order to receive the funds on time.

Three factors are decisive for the long-term success of an agricultural business: profitability through long-term profit, financial stability and healthy liquidity through reserves in the form of equity or debt.

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The Importance of Financing in Agriculture

December 15, 2020
Clarice Clair

Agriculture plays a big role to the life of people especially in developing countries. It has a great impact on people living in the rural areas. Many rely on Agriculture as a source of their daily income. However access to agricultural finance may be a problem for most. Many are not able to get financial support for these agricultural needs. This maybe a hindrance for farmers to level up. This can be a factor for them not to avail new technology and devices that can improve in their farming and agricultural needs. All these new technology and devices can help increase proficiency and production.

With the coming years there is a high demand for food and other agricultural products. In this case the  agricultural system should improve. The only way to attain this is by acquiring the newest agricultural devices and technology. These are good investments that would allow farmers to produce more.

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Agricultural Financing For Farmers

November 15, 2020
Clarice Clair

With today’s advance and changing world, new technologies have emerged in the agricultural sector. It’s needed and important to increase the production in farming. Every farmer wants to avail of this new technology however not all can afford an upgrade. Farmers specially in developing countries cannot afford to have this technology. They do not have the capital and money to purchase the newest equipment and tools. Because of this they opt to stick with the traditional way of farming because there is nothing they can do.

 

 

 

 

Farmers need money or capital to increase one’s production. Farmers need to adapt and embrace the newest technology that can help them in their farming needs. This in return will yield better harvest and production.  But not all farmers have the capital and money to spend for this. This is where they seek farm financing. Farm Finance has become vital to these farmers because it can help them gain the needed money for financing various farm resources. Aside from banks credit agencies are also available in some rural areas. They can assist farmers with their capital needs by providing credit to farmers. However, the credit policies, credit rationing, interest rates and other factors can have a significant bearing on farm returns.

 

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Renters Insurance Comparison And The Types of Farm Insurance Coverage

November 4, 2020
Brenden Carlisa

An insurance is a very smart investment, and with the multiplicity of insurance in the market, insuring just about anything and anyone is possible.

Comparing Insurance

For renters, whether its an apartment, a house, a condominium or even just a room that you rent, a renters insurance is a very worthwhile investment as it will protect your personal property in the event of a burglary or if they get damaged or destroyed by incidents covered in your insurance policy. Moreover, a renters insurance could also protect you paying for legal or medical expenses in case an accident happens within the property you are renting.

Renters insurance policies have different coverages; hence you need to determine your needs to ensure you get the right policy from the right insurer. As there are numerous, you will need a Renters Insurance Comparison to help you find good options, narrow down your search, and make comparisons. With Renters Insurance Comparison, you will save a lot of time and effort as well as have a better understanding of the policies and coverage offered, eventually leading you to make an informed choice.

Types of Farm Insurance Coverage

If you are working in the sector of agriculture, there are other types of insurance you could get rather than settling for the usual business insurance. The farm, crop and livestock insurance will most likely be a good option for you. Typically, this insurance involves a bundle of various types of insurance which are designed to provide coverage for farm businesses as well as major producers for an array of events.

Usually, farm businesses bring together business insurance types and personal insurance types, whereas farm cover coalesces a particular set of coverage. Let’s have look at some.

  • Home and Contents. This insurance type covers damage, loss or theft on the farm owner’s house and the contents or belongings on the home of the farmer.
  • Farm Motor. This is comparable to an insurance for motor vehicles, however Farm Motor Insurance covers extra risks that you may be exposed or subjected to when working on a farm.
  • Farm Machinery. As the term implies, this covers farm machineries like tractors as well as other related equipment utilized in and for farming. If you are leasing out your farm machineries, such insurance is a compulsory component of the lease agreement or contract, or may be owned.
  • Farm Liability. This is a specialized type of insurance product and it is imperative that you make certain the insurer you choose greatly understands the added risks involved in your farming business to ensure your coverage is adequate.
  • Fencing, Hay and Livestock. This insurance type protects your livestock and your produce from unintentional injury, damage, theft, harsh weather events as well as other catastrophe and misfortunes. This will all depend on the exclusions of your policy.
  • Business Interruption and Loss of Income Insurance. This covers accidental injury, damage, or theft as well as occasionally severe and harsh weather events which inhibits you from generating an income from your everyday business operations and activities.

 

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In Agriculture, Finances Have To Be Set Right

October 6, 2020
Clarice Clair

Whether starting with organic farming or modernizing the agricultural machinery park, when farmers want to invest, public subsidies often come into play. Securing income is also becoming increasingly important. Many farmers are now looking at other alternatives to raise extra capital. Alternatives include trading in the Forex Market entrusting their investments to trusted forex brokers like those from https://moreforexbrokers.com/ja/fx-brokers/.

Almost every year, nature has been showing what it is capable of – in a negative sense. The winter too mild, too dry, and too sunny, late April with frost onset as well as heavy rain, hail, and hurricane, for example, thwarted fruit growers and drastically reduced harvest yields. Farmers also have to adapt to new risks in terms of financial security. There is a great interest in new policies. United Hagelversicherung reports more than 11,500 new contracts for a product that ensures storms and heavy rain events in addition to hail.

The Farmers Association sees a learning process on both sides in this regard. The insurance industry has to design new products and farmers have to learn how to use them properly. After all, weather damage can quickly become life-threatening.

Agricultural finance: encouraging investment

Short-term financial bottlenecks can also be overcome with public funding if they are triggered by extreme weather, plant, or animal diseases. If a company can demonstrate a drop in earnings of at least 30 percent in a sector, there is the possibility of receiving liquidity assistance – for example, to buy seeds for the next year.

Weather damage can quickly become life-threatening.

Expansion and modernization investments are also funded. Agricultural businesses can obtain loans of up to ten million euros for up to 30 years. It is important that public promotional loans are only to be applied for from banks. In the agricultural sector, these are often savings banks and cooperative banks. Some of these banks also have credit advisors who specialize in the needs of agricultural businesses.

Leasing as Alternative

In addition to classic loan financing via the house banks, leasing has now also entered the agricultural sector as a form of financing. In the agricultural sector, this is an interesting option, especially for machines that are only used seasonally. Instead of taking out an agricultural loan to buy machines, systems, or equipment, agricultural businesses can also lease these goods. The farmer is allowed to use the leased property during the specified leasing period and pays the lessor the contractually agreed leasing installments. The lessor remains the owner of the leased property. In return, the farmer saves the acquisition costs and the credit line is preserved. The company can deduct the leasing installments from tax.

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How the Norwegian Gov’t. and Norges Bondelag Helped Farmers Face the COVID-19 Crisis

October 4, 2020
Lilliana Dutch

The Norges Bondelag and the Norwegian government exemplified the power of unity in helping farmers handle the challenges brought on by the COVID-19 pandemic. Even today, and true to its purpose as a farmers’ union, Norges Bondelag (Norwegian Agrarian Association) continues to work with the government in addressing the challenges that farmers faced during and after border closures and national lockdown.

When Lack of Workers Affected Farm Production

When the Norwegian government closed Norway’s borders in mid-March, foreigners, including seasonal farm workers were not allowed to enter the country. Farm productivity, particularly among fruit and vegetable growers, suffered from lack of workers. At the same time, as schools also closed, farmers had their hands full taking care of their children and in coping with the lack of farm hands to maintain production.

To address the issue, the Norges Bondelag and the Norwegian government found a solution by getting laid-off workers to temporarily work in farms. As an incentive, the Norwegian government offered laid-off workers volunteering for agricultural work; the right to keep 50% of their unemployment benefits even while employed as farm workers.

In June, 2020, although Norwegian borders remained closed, the government allowed foreign workers to enter, for as long as they tested negative of the coronavirus disease. Even up to the present, testing is being done prior to entry, while those who presented negative test results still have to stay quarantined for 10 days, whilst needing to undergo another test on the 5th day of quarantine.

Norwegian employers assume the responsibility of organizing and financing the costs of testing and quarantine measures and in working out arrangements for related cost recovery. Only those who completed the 2 tests and the 10-day quarantine period can move forward with their seasonal employment contracts. In addition, quarantine measures remained strict because workers have to stay confined to their respective workplace during breaks and day offs.

As Restaurants Closed and Tourism Out, Farmers Struggled with Little Income

While the government strictly imposed mitigation measures to prevent the spread of the infectious disease, restaurants to whom farmers supplied their agricultural products and services went into lockdown — leaving farmers with meager income from their farm produce. Agri-businesses were constrained to sell meat and dairy products at low prices in observance of the country’s price control and market regulation policies.

While farmers took the risk of keeping up agricultural production with not enough workforce, the Norges Bondelag helped farmers who lost their restaurant direct sales, receive crisis relief funds. As part of the Norwegian government’s crisis package for the small business sector, economic stimulus packages were made available to business owners and farmers as financial support in mitigating the long-term effects of the pandemic.

Dealing with the Continuing Threats of COVID-19

As farmers, farm workers, veterinarians and farm product handlers and purchasers continue to face the threats posed by COVID-19, the Norges Bondelag and health authorities worked together in formulating health and safety guidelines. Health and safety protocols must be adopted and observed in farms and in agricultural manufacturing and processing plants. .

Aside from the hand-washing, fever-checking, face-mask wearing and other routine mitigation measures, farmers and food purchasers were given behavior guidelines when visiting farms and plants. Moreover, every farm has to have an emergency plan, particularly in dealing with cases where the farmer himself becomes infected Such plans include actions to take in alerting visitors and in obtaining a replacement as economic support through a farmworker replacement program.

In the meantime, Norway’s financing institutions stood ready to grant consumer loans, including payday loans called “lan-uten-kredittsjekk” (loans without credit checking) to Norwegians seeking to obtain emergency funds. However, as some unscrupulous lenders took advantage of those who are not familiar with how payday loans worked, providing loan applicants with information became necessary.

We at Långuiden.no (långuiden.no/lan-uten-kredittsjekk/) can help loan applicants find the best Norwegian bank or financial institution that offers the most reasonable interest rate; as well as the most considerate repayment scheme. .

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Profitability of Urban Farming

September 15, 2020
Clarice Clair

Given the circumstance and situation that we have in recent times, people are beginning to think of healthier alternatives to earning and living in general. Because of this, lately, urban farming has been in the spotlight and has been quite the talk of the town.

Urban vegetable farming is cultivated year-round and so provides an earning capacity that can be quite profitable in the long run, which therefore offers great opportunity to step higher up on the financial ladder.

It’s truly a treat how small-scale farming can lead to big time earnings.

Urban agriculture as a climate change and disaster risk reduction strategy

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Expanding The Agricultural Industry to Guarantee Food Security

August 17, 2020
Clarice Clair
The digital age has done so much for people. Advance technology has allowed faster and easier communication among individuals and businesses.
 
It has also been helpful to the agricultural industry. It has given farmers the ability to reach out to bigger markets. This made business transactions faster and more economical. It also allowed small-scaled farmers convenience and higher financial gains.

Howard Buffett: Farming and finance

 
As we all know, Agriculture plays a significant role in a country’s economy. The demand for agricultural products is increasing. This is true because of the booming population. Food is the utmost priority of every nation around the world. Thus it is significantly important to expand agriculture in all corners of the globe. This will give our farmers the opportunity to gain more. It will also guarantee mankind’s food security and poverty reduction.
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Agribusiness Taking a Huge Jump with Modern Farming Methods

June 9, 2020
Esmee Leila

Just like in any other industry, continuous innovation is extremely important such as in cryptocurrency. The same thing goes in modern agriculture. Now, the industry is facing major challenges from shortage of labor, rising supply cost, changes in consumer preferences for sustainability and transparency and so on. There’s actually increased recognition from agriculture corporations that there should be a solution introduced to deal with these challenges.

In the past decade, agricultural technology has experienced massive growth in terms of investment with around 6.7 billion dollars in the past 5 years and 1.9 billion dollars just last year alone. Significant technology innovation have centered on the following:

Indoor Vertical Farming

This helps in increasing crop yields, reducing the impact of farming on the environment by means of cutting the distance traveled by supply chain from their facility to the farmer’s land and lastly, overcoming limited land area.

Basically, indoor vertical farming may be described as the practice of growing crops and other produce that’s stacked one after another in a controlled and enclosed environment. By making use of shelves that are vertically mounted, it helps a lot in reducing the amount of space required in growing plants than using the traditional farming methods.

Farm Automation

This one is linked with “smart farming”. It’s a technology that improves farming efficiency and automating production cycle of livestock and crops. As a matter of fact, there are more and more companies that are working on research and development for robotics innovation in developing various machineries focused on farm automation like:

  • Robotic harvesters
  • Autonomous tractors
  • Drones
  • Automatic watering and;
  • Seeding robots

While the technology is still a new concept, the industry sees a big jump from sticking to the traditional agriculture methods to modern and automated farming process.

Livestock Farming Technology

Conventional livestock industry is actually a sector that’s usually overlooked and at the same time, underserviced. Still, it is without a doubt the most important. Livestock is providing the needed natural and renewable resources that we depend on daily.

Proper livestock management has known for being the core of poultry farms, cattle ranches, dairy farms or any other livestock related agribusinesses. Livestock managers should keep accurate financial records, supervise workers, ensure correct feeding of animals while guaranteeing proper care as well.

On the other hand recent trends showed that the technology is revolutionizing the world of livestock management. There were new developments for the past 8 to 10 years which makes tracking and managing livestock a lot easier as well as data driven. This technology comes in form of genetics, digital technology, nutritional technologies and a lot more.

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The World Stands Still But Agriculture Continues

June 6, 2020
Clarice Clair

The corona crisis can also be felt in agriculture. In addition to negative effects, there are also some positive ones. While the government has promised financial help to businesses affected by the virus, there is also financial help (https://www.southeasttitleloans.com) being extended to small farmers who continue to make a living despite these trying times.

Empty supermarket shelves tightened hygiene measures and the curfew, also the farmers from the region are affected by these headlines. In the current situation, the work of the farmers is again appreciated. The hygiene measures are no problem for the farmers because there are already following stricter hygiene regulations in animal husbandry, which the farmers are already familiar with and are correctly implemented. Added to this is the increased hygiene on the tractors in arable farming. Consumers are currently noticing that, especially in times when social life has almost dropped to zero, essential things are of great importance. And that includes the food that is produced daily by local farmers. Citizens are becoming aware that the foodstuffs from the immediate vicinity have not had long delivery routes and can, therefore, be offered quickly in the respective sales outlets.

The food supply is thus ensured without being dependent on the stopped import. There is a high season on many farms right now, although the public life around it is almost at a standstill. Liquid manure is currently being spread on many fields in order to fertilize the soil with natural fertilizer and thus supply it with important nutrients so that fertility can be promoted. This measure can be carried out by the farmers in the current time without major impairments. Large slurry spreaders are usually used, which many citizens find to be annoying in road traffic. Since there is currently less traffic on the roads due to the exit restriction, it is easier for farmers to cover the distance between farm and field without problems. On the way, these are now increasingly greeted by citizens in a friendly manner, which of course also pleases the farmers that their work is valued again in this difficult time. The sowing of corn and sugar beet is also currently observable. Consumers can see that farmers also use the tractors to work and not just to go to demonstrations.

Events postponed

But home farmers are also feeling the consequences of the corona crisis. The farmers from the Landshut region and the surrounding area had planned an information event with the motto “Citizens, farmers, snacks”, which would have taken place in the Gasthof Zur Insel at the end of March. At this event, there would have been a discussion round on modern agriculture and a question and answer session for everyone interested. This had to be postponed until further notice. A new date will be announced. And the annual farm information day, at which interested parties can experience first-hand an insight into agricultural production at a member company, must also be canceled this year. The Court Information Day will take place again in 2021, and a suitable venue has already been found.

Food supply ensured

The farmers, who lack seasonal workers, have problems, but the entry for harvest workers is to be made possible shortly. There are no major consequences of the corona crisis in animal husbandry and agriculture. Slight scarcities can be felt on the feed market and contact with the authorities can only be made by phone, but this does not restrict farmers in their production. African swine fever is currently of greater concern, as it poses a great threat to pig farming. Otherwise, farmers can continue to produce without major problems, which is why the supply of food from the region is still ensured.

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Will CARES Act Be Equitable for Small Farmers?

March 27, 2020
Lilliana Dutch

The U.S. agricultural sector more than welcomed that news that the CARES Act includes financial aid and other forms of relief for farmers.

Out of the $2.2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $9.5 billion disaster relief program was created to provide disaster relief to members of the agricultural sector. Even more welcome is that the relief money for specialty crop producers, livestock and dairy producers, as well suppliers of produce for farmers markets, restaurants and school cafeterias, is separate from the funds allotted to the Commodity Credit Corporation. The CARES Act also extends financial assistance that will enable the credit entity to extend 12-month loans to those who suffer losses.

Based on an economic analysis undertaken by the National Sustainable Agriculture Coalition (NSAC), the loss of access to direct markets as a consequence of social distancing and shelter-in-place restrictions will result in loss of direct market sales amounting to as much as $1 billion among small U.S. farmers.

Concerns Raised by the NSAC Over the CARES Act Relief for Farmers

While it is true that legislators of the CARES Act remembered to include small farmers among the recipients of disaster relief funds, concerns are raised on how the stimulus package will be administered by the USDA. The NSCA pointed out that the legislation did not provide directions on how the USDA should distribute the funds, nor specify loan payment structures.

Moreover the NSAC is wary that there will be a repeat of history in which smaller-scale farmers who sold their crops and produce in farmers’ markets, did not have first priority, nor had access at all, to the relief funds. Notwithstanding that this group of farmers, particularly those who are already experiencing systemic disparity, have fewer resources to support them in times of economic crisis and financial hardship.

The Plight Faced by Small Farmers During the Ongoing Covid-19 Crisis

In counties and communities under lockdown and where citizens have been mandated to shelter-in-place, many farmers’ markets have been ordered to shut down. Orders came after health authorities noted that the conditions in farmers’ markets made it difficult for consumers and sellers to maintain social distancing.

In San Diego City for one, farmers’ markets were immediately met with permit cancellations. Still, they were subsequently granted permission to operate as essential service providers. During the week however, not a few farmers’ markets in the city had to shut down due to the limitations imposed by social distancing and public gathering mandates.

Even if there is a great demand for farm produce, which farmers are capable of supplying, the problem presented by the Covid-19 crisis is that people cannot just converge in farmers’ markets where social distancing is next to impossible. Although some have taken alternative marketing steps by selling and offering to deliver their farm products via the Internet, not all small farmers possess the technical knowhow or ability to carry on with such strategies.

The stark possibility that looms ahead for many farmers doing business in this city, is that once the Covid-19 crisis is over, there will be a need to seek legal assistance from a bankruptcy attorney san diego based.

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