Ag Finance
DDA loan program aimed at young farmers
DOVER, Del. — According to the USDA, only 8 percent of all farm producers were younger than 35 years of age in 2017; conversely, more than one-third of all farmers — 34 percent — were 65 years of age or older.The USDA also indicated that “the average age of...
MARBIDCO programs offer financial options
ANNAPOLIS, Md. — The state of Maryland has several financing programs available for beginning farmers. Two of these programs are provided through the Maryland Agriculture & Resource-Based Industry Development Corporation (MARBIDCO): the Next Generation...
Financing available for beginners in Virginia
RICHMOND, Va. — The USDA offers a variety of financing for farmers throughout the Delmarva states as well as throughout the United States. Some of the loan programs are specifically targeted to help beginning farmers and ranchers. While most beginning farmers...
Bruce offers financial management tips during Ag Week
WASHINGTON — The deadline to respond to the 2022 Census of Agriculture is quickly approaching for all farmers and ranchers.Feb. 6, is the date on which farmers and ranchers have to return their completed United States 2022 Census of Agriculture.Producers are...
Farmers urged to complete Census of Agriculture
WASHINGTON — The deadline to respond to the 2022 Census of Agriculture is quickly approaching for all farmers and ranchers. Feb. 6, is the date on which farmers and ranchers have to return their completed United States 2022 Census of Agriculture.Producers are...
Not making a decision is rarely a beneficial choice
As farmers plan for the future, there are a number of estate planning items to consider. One of the most important things to do, though, is to answer a question for yourself: What do you want to happen to your farm when you’re no longer alive?The follow-up...
Maryland Farming Success course is available online
COLLEGE PARK, Md. — The University of Maryland is partnering with the Maryland Department of Agriculture and USDA to create a four-module online training course, Maryland Farming Success. The online course will allow traditionally underserved and socially...
Prepare for year-end tax planning and filings (Credit Corner)
(Editor’s note: Jena Kiess is an accounting officer with Farm Credit.) Not everyone enjoys doing taxes, but they are an annual requirement for most of us. If you are a farmer or small business owner, tax time can be especially challenging! Have you been...
Industries wrestling with supply chain bottlenecks
DENVER — The U.S. economy is on a strong growth path and cash-rich consumers are spending robustly on both services and goods. But while the U.S. economy is running hot, it is still very much in the grips of the pandemic. Its negative influence, however, has...
Three reasons you belong with Farm Credit (Credit Corner)
(Editor’s note: Sarah Worobey is a loan officer with MidAtlantic Farm Credit.) The most common question I am asked when talking with new members of Farm Credit is “How are you different from the other ag lenders?” This has always been an important discussion...
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