If you are a farm owner in South Dakota, your farm most likely has four-figure acreage. This means that you have to spend a substantial sum of money every season to work the land and get your harvest.
When the going is good and your profit margins are decent enough, that isn’t much of a problem but cash flow volatility is not something that can be predicted.
Then, there are market updates that indicate opportunities for growing specific crops that offer promising returns. If you are short of cash, such opportunities tend to get out of your reach.
However, when you have access to agriculture business funding in South Dakota, no opportunity would be out of reach and no crisis can hold you up.
Farming is the main industry of South Dakota and that puts you in a good space as far as the farm eco-system is concerned. There would be institutions and industry associations providing good support to farmers.
Whatever you do in any part of your vast farm, you will need investment capital for the purpose and that will come only from reliable lending agencies.
Do you want to try out a different crop?
Growing just one or two crops is not practical for any farmer and neither is it safe. On the one hand, prices of farm products can be volatile and on the other, you could be hit by bad weather.
If you have a mix of crops that also includes varieties that do not get affected by unseasonal rains or flooding, it allows you to at least cover your losses to some extent.
Plantation farming is a steady option that every farm should have while livestock farming functions under a different set of rules.
Need to buy more heads of livestock?
Livestock could include cattle for beef and dairy, sheep, pigs, and chicken among others. You need to invest large amounts of money in growing fodder for the livestock.
That is a priority area because you cannot afford to see your livestock suffer starvation in any way. That could lead to unforeseen losses in revenue.
It’s not easy to take care of thousands of heads of livestock without investing adequately in their food, healthcare, and shelter and all of that has a substantial cost.
Without easy access to funding for business in South Dakota, it would be very difficult to manage the operational cost of running such a huge farm.
What you need is access to fast and easy agro-funding from lenders who understand the needs of a large farm. When you deal with a reputable lending company like Alternative Funding Group, you have access to easy terms and reasonable cost of borrowing.