In November, I had the opportunity to give a presentation through the University of Maryland College of Agriculture and Natural Resources’ (AGNR) new Agricultural Careers and Entrepreneurship (ACE) Virtual Center webinar series. The presentation was titled, Entrepreneurs-Born or Made?
Getting Things Right is part of the Maryland Retail Products Producer Program. This section will provide information on supply, storage, purchasing, establishing prices, ordering and delivery schedules, invoicing and payment terms, and product promotions.
Whether a new farmer/food entrepreneur, or an established operation, you’re probably going to need to finance some aspect of your business. There are various loan programs for farmers and food entrepreneurs. There are also some specific grant programs, but these are very specific and very competitive to obtain. Obtaining grants require a lot of work, often have delayed payments or require up-front investment, and are not a reliable source of income. This article provides guidance for evaluating if your needs qualify for the grant’s targeted outcomes and how best to apply for a grant.
Successful people know how to effectively manage budgets and finances. They know how much they have borrowed, the interest rates they are paying, and anything else that can affect their business. They always save for a rainy day. Understanding the principle that they must spend money to make money, they prioritize personal expenditures such as a new house, car or vacation, until they can afford it.
Have you ever had a fleeting thought of starting a business or new enterprise but raked it from your mind thinking it would never work? Did you think your family and friends wouldn’t support you or were you lost because you had no idea where to start? If so, your thoughts were no different than those of other people who decided to go with the idea of becoming a business owner, revamping an existing business, or adding on a new enterprise. This module provides information on Coaching Assistance and resources on Growing Your Business
Offering a horse for lease can be a good option for an owner who is unable to ride or care for their horse due to physical, time, or financial constraints but still wishes to maintain ownership. A lease can be an alternative to selling the horse, a way to cut maintenance costs, or an avenue to ensure the horse remains in work. An equine lease can take many forms, depending on how the lease agreement is constructed. This publication includes information on the factors to consider when preparing or reviewing a written lease agreement, as well as case studies that describe the terms of the leases.
The Center for Agricultural and Natural Resource Policy and UME's Beginning Farmer Success program have developed a fact sheet to help beginning farmers understand the various credit sources available in the state of Maryland and the requirements associated with each credit source, such as USDA's Farm Service Agency, a Farm Credit lender, or MARBIDCO.