Funding Options for New or Young Farmers

For many young farmers there is a deep desire to grow their farming operation, however, most are faced with the challenge of getting financing. Young farmers that are just getting into the business have not had time to build a lot of equity. Because of this, banks will consider the young farmer to be riskier compared to a seasoned farmer. One of the many variables banks will consider is how well the farmer can manage their working capital, and without a history of that from operations, it’s more difficult for a bank to determine the likelihood of repayment. Today, with low commodity prices and smaller margins between expense and revenue, young farmers are exposed to tough decisions and banks are tightening their internal lending policies. Despite this, there are still many opportunities for the young farmer.

Dreaming Cow

Dreaming Cow - UGA SBDC

Expansion Financing Essential for Rapidly Growing Thomasville Producer Kyle and Janelle Wehner started Dreaming Cow in 2009 to test whether their yogurt concept could be built into a national brand. Using an all-natural recipe derived from the South Island of Janelle’s native New Zealand, they make Dreaming Cow yogurt on Kyle’s parents’ Thomasville farm. Kyle […]

Marketing in a 2.0 World

It feels like marketing has been changing at the speed of light in the last couple of years. Technology has evolved and with it new tools have been developed that allow business owners to communicate better, faster and more intimately than ever with their target markets. This is a good thing for those who know […]

Partnerships and PreNups: Gotta Work For That Happily Ever After

Remember how you felt when you first became engaged to be married? The whole world was beautiful. Your intended was wonderful. The future seemed so perfect – full of hope and promise. You were on cloud nine and ready to live that fairytale Happily Ever After life. However, we know that even in the best […]