As we enter the new year, many people will begin to look back at their records from 2024 to analyze their financial position and begin to prepare for the upcoming tax season. If you have an effective and efficient recordkeeping system, this process can be smooth and straightforward. Check out these tips to improve your recordkeeping system in 2025!
Businesses registered with the Secretary of State (such as LLCs or corporations) are now required to report Beneficial Ownership Information. As of December 26, 2024, the deadline for BOI filing has been suspended until further notice. However, the report is expected to be required in the future. We recommend voluntarily completing the report to avoid having to monitor future deadline updates.
Farming is a risky business with significant costs, and one of the most expensive mistakes is failing to plan or oversimplifying the transition of the farm. At its core, successful transition planning boils down to clear, honest communication and planning ahead. When communicating across generations, consider addressing key issues early to build mutual understanding and ensure a smoother transition.
A well-hosted class or workshop can be one of the more profitable (and fun!) ways to engage visitors on your farm and offer agritourism opportunities. However, they can be quite labor-intensive and require lots of planning and thoughtfulness. Check out these tips to get you started!
KCARD works specifically with farmers markets on a wide range of topics, including where to find funding, how to structure the market, and how to think of the farmers market as a business entity. In this post, Terryn Varney, KCARD Business Development Specialist who specializes in farmers market assistance, answers questions about how and when KCARD can help your farmers market.
Through the Kentucky AgVets program, we are working with key organizations throughout Kentucky to provide educational opportunities, hands-on training and access to funding resources. Hands-on training experiences can take two different forms; check out this post to learn which program is right for you!
Are you headed to the Kentucky State Fair this year? Come and visit the AgVets team at our booth located in the Gourmet Gardens area in the South Wing lobby. Our team will be there on August 21st for Military Appreciation Day and August 28th for First Responders Day.
Are you interested in serving as a mentor for the Kentucky AgVets Program or have an interest in participating in the program as a veteran? Mentorships will be designed to provide hands-on training and develop a network for veterans looking to start their career in agriculture.
Kentucky Center for Agriculture and Rural Development along with partners Kentucky Department of Agriculture, Kentucky Sheep and Goat Development Office, Kentucky Horticulture Council, and University of Kentucky’s Community and Economic Development Initiative of Kentucky (CEDIK) are collaborating on a $746,567 USDA grant to provide educational opportunities for veterans and transitioning service members interested in agriculture, develop a peer-to-peer network for veterans in agriculture, and construct a pathway that facilitates veterans’ entrance into agriculture-related careers. Additional support partners for this grant include the Kentucky Farm Bureau Federation, Kentucky Commission on Military Affairs, and Hopkinsville Community College.
The Kentucky Center for Agriculture and Rural Development is a non-profit organization established to facilitate agricultural and rural businesses in Kentucky. We are supported primarily through grants provided by the USDA Rural Cooperative Development Program and the Kentucky Agricultural Development Board. Additional support is provided through our work with partners around the state and through fees charged for select client services.