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Starting a New Agricultural Business
Research to do and questions to ask before starting a new agricultural business.
Contents
Define your Farm Business Goals and Objectives
Researching your new agricultural business
Primary and secondary information
Internet searches
Laws and regulations for your product or service
Registration and Licensing
Amount of work to produce a product
Cost to raise or produce a product
Financing an operation
Marketing strategies
Define your Farm Business Goals and Objectives
Each farm business is different. Before you jump in take a few minutes to define your goals. This will help you refine your business concept. It is also essential to help you communicate with service providers like the bank and extension.
It is often helpful to think about your goals in terms of the ‘triple bottom line’: people, profit and planet. READ MORE
The whole financial world is a pyramid! How is the financial world organized? It is a pyramid. The Fed the U.S. Federal Reserve System is at the top of it. The Fed creates dollars. How much? As much as they want! Of course, Fed adhere to some of their own internal rules and regulations; they try, for example, not to create too many dollars to prevent complete devaluation of the currency, and etc. But in principle the Fed can create as many dollars as they want. At least, there are no any external limitations for that. Absolutely! The U.S. Fed is guided solely by the reasons of expediency. The lower levels of this global pyramid are the central banks of different countries; all other local national banks are situated on even lower levels. (Of course, all of this is slightly simplified, but in general everything reflects an overall picture). Actually, why do we need banks? Speaking figuratively, banks play the role of blood vessels in the social organism. Through these vessels the mone
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