Dave Ramsey don't farm Pt. 1. 😉
Dave Ramsey is a well known and successful personal finance guru but is his advice ideal for the farm too?
In this part 1 of a who knows how long series explores the difference in personal finance vs. business finance and service businesses vs. production businesses.
Correction where I say 15K, it should be 12.5K.
Part 2 will dig more into the questions of using long term debt, LOC's and financing for your farm business. Coming soon.
I (Jordan) and my wife, Laura, own and operate J & L Green Farm in Virginia. It has been our full time occupation for the last 10 years building this first generation, pasture based, direct to retail farm. We are in the small percentage of farmers that actually make their income from farming. As such we address our farm as a business and make decisions with that in mind. What you see here is what it takes. No BS or disney’ifying.
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