eNews for Agriculture -
Fall 2016/Winter 2017
Stay on top of the latest agricultural industry news with Business Insights for Agriculture. This educational publication covers industry hot topics and provides suggestions to help you improve overall management.
This Issue's Articles
The First Steps of Retirement
Farming is a life, not a career.
So to farmers, the idea of retiring may seem unimaginable.
Encouraging the Next Farming Generation
Good young hands are crucial to the industry, yet they are becoming increasingly difficult to find.
If you’d like more young people to consider a career as part of your farm or ag business, try these tactics to attract the best and brightest.
MAINTAINING CASH FLOW
Simple Ways to Make Yourself Creditworthy
Loans are essential tools to maintain or advance a farm-related business.
Start making loan payments, including those on credit card purchases, promptly every month.
Protect Your Property: New Tech, New Options
Two realities of agriculture —
Large, hard-to-patrol acreage and expensive equipment. These make farms particularly attractive to thieves and vandals.
Affordable Housing for Farm Workers
The U.S. Department of Agriculture plans to spend $26 million on safe and sanitary housing for immigrant agricultural workers in four states: California, Florida, Kansas and Texas. That’s on top of $268 million invested since 2009 to build and maintain some 2,000 affordable homes for farm workers nationwide. The grants are part of the government’s Farm Labor Housing Loan and Grant Program. “America’s farmers and ranchers, and the businesses supporting our rural communities depend on these hardworking individuals to ensure we remain a productive, food-secure nation,” says U.S. Agriculture Secretary Tom Vilsack, adding that “a food-secure nation with a thriving, growing economy is a more secure nation.”
The U.S. Department of Agriculture and the U.S. Department of the Interior have joined forces to spend more than $47 million to help local water districts and farmers use and conserve water more efficiently in Western states. These areas face ongoing and potential droughts, but a total of 76 new projects across 11 states are expected to save more than 123,000 acre-feet of water. In other water conservation news, the USDA is spending $2 million for updated equipment to help farmers in nine states measure the quality of water as it leaves their farms. USDA officials say such testing helps farmers prevent nutrient and sediment runoff and improves water quality for communities.
PNC Point of View
Resources, Perspectives and Insights from PNC
Find out more about PNC’s experts, values and priorities through interesting stories on timely and relevant topics such as finance and the economy, community involvement and banking innovation.
How Long Should You Keep Financial Records?
with commentary by Jim Benedict
Here’s a guide to help you think through how to keep and store your most important documents, but also know what you can shred.
Student Loan Debt Doesn’t Have to Control Your Checkbook
featuring Naimesh Patel and Ardell Montgomery
Student loan debt doesn’t have to be overwhelming and expensive. Consider a variety of tools to help manage it.
Cash Flow Challenges
Cash Flow Challenges is a weekly blog that gives you insights on the top cash flow challenges business owners are facing today.
Maintaining Cash Flow While Paying Off Debts
By Ritika Puri
Cash flow can make or break a small business's health. More often than not, maintaining it is a balancing act between credit and cash on hand, and it's a tricky tightrope to walk.
When to Succession Plan
By Benjamin Gran
Farming in the Digital Age
Developing relationships with legislative and regulatory officials is a must in order to influence public policies that impact your farm or agribusiness. It is also necessary to engage colleagues, the broader community and the media. Use these strategies to effectively communicate your ideas and engage others.
Make Cross-Selling Work for You
Customers who buy one product from you are likely to be interested in additional items that compliment their initial purchase.