What are the financial options for your farm?
Reg Shandro boils it down to 6 distinct areas where your farm businesscan get revenue from.
1. Surface right revenues;
- Inheritance or lottery;
- New borrowing or restructuring debt;
- Sale of Assets;
- Off Farm income;
- On farm income;Take a look at which ones are within your control, I bet it’s fewer than you’d think.
If you’d like to follow along in figuring our the 6 financial options for your farm, you’ll need:
1. A piece of paper divided up like in the video;
2. A red pen and green pen;
Watch the video to figure out how to do the rest!
This workshop was funded in part by the Agriculture & Food Council of Alberta