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5 steps to adding livestock opportunities


Courtesy of National Pork Board
DIVERSIFICATION: Adding livestock or expanding an existing livestock operation can help ensure future generations will have a place on the farm.
Studies show a healthy livestock industry aids job creation, tax bases, soil health through manure and feed usage.
Kevin Schulz | Feb 16, 2021
Are you considering adding livestock to your operation, or are you merely wishing to expand that segment of your operation? Reasons for adding or expanding livestock are varied, but regardless of your reason, Ty Eschenbaum lays out five steps to follow if considering diversifying with livestock.
Eschenbaum is with A1 Development Solutions out of Sioux Falls, S.D. The firm does “site selection, land acquisition, permitting, pre-construction and ongoing operations for livestock and industrial sites,” he said. “We’ve done everything from talking to farm families about what they’d like to get into as far as divers ....

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Is leasing the right tool for farm purchases?


Mindy Ward
UPGRADE: Affording the latest in farm technology comes with a hefty price tag. However, farmers can use a lease to secure a new tractor or even a barn for the farm without the steep upfront cost.
Leases require less cash upfront when buying big-ticket farm items.
When searching for a new tractor for planting, a combine for harvest or even a new hog-finishing barn, sometimes the upfront cost can seem overwhelming. However, there are alternative financing options that can free up cash while providing for the next generation.
One of those financing opportunities is leasing, says John Edgington, senior relationship manager at CoBank. “Every business should consider leasing as part of their long-term financing planning toolkit,” he says. ....

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