Farm Credit Mid-America’s Know to Grow program helps young and beginning farmers assess financial strengths and weaknesses and improve farm profitability.
Jonathan Carter is the AVP of growing forward and lending partnerships with Farm Credit Mid-America.
“The Know to Grow workshop is to get young, beginning farmers to think about making decisions for their farm operation from a business standpoint,” he says. “It’s kind of a mind shift from they’re not just a farmer but they’re a small business owner and how are they going to make decisions.”
He says they
make sure growers understand their balance sheet and income statement and also
go over liquidity, solvency, and debt coverage ratio.
Continue reading Know to Grow program helps young and beginning farmers at Brownfield Ag News.
