Managing Your Agricultural Business with CCB by Your Side

June is National Dairy Month, and as we celebrate our local dairy farmers, we also recognize that agriculture is the heart of many communities, especially throughout Cattaraugus, Chautauqua, and Erie counties. CCB offers a variety of deposit and savings options to help you manage and grow your farm’s finances. Here’s how our deposit and savings accounts can benefit your agricultural business, along with some essential tips.

Understanding Deposit and Savings Options at CCB

1. Business Checking Accounts:

Our business checking accounts are designed to make your financial transactions easy and efficient. As a farmer, you can use this account to manage your day-to-day expenses, such as paying for supplies, labor, and other operational costs. With features like online banking, bill pay, and mobile deposit, you can handle transactions conveniently from anywhere, which is crucial when you’re busy managing your farm.

2. Business Savings Accounts:

CCB’s business savings accounts offer competitive interest rates, helping your money grow while keeping it accessible. For farmers, this account is ideal for setting aside funds for future expenses, such as purchasing new equipment, livestock, or crop supplies. Having a dedicated savings account also helps in managing seasonal fluctuations in income, ensuring you have funds available when needed.

3. Certificates of Deposit (CDs):

For long-term savings goals, consider our CCB Certificates of Deposit. CDs offer higher interest rates than regular savings accounts in exchange for keeping your money deposited for a fixed term. As a farm owner, you can use CDs to save for significant future investments, such as land acquisition or large-scale improvements. This option helps you grow your savings more effectively over time, helping to ensure you’re prepared for major financial outlays.

Tips for Managing and Growing Your Agriculture Business

1. Financial Planning and Budgeting:

Good financial management is critical for any business, especially in farming where income can vary a lot. Make a detailed budget that covers all your expenses, including deposits, savings, and operational costs. Review and adjust your budget regularly to reflect changes in your business environment.

2. Diversification:

Growing different crops or raising different types of livestock can help reduce risks linked to market changes and environmental factors.

3. Embrace Technology:

Investing in modern farm technology can boost productivity and efficiency. From precision farming tools to automated equipment, using the latest advancements can help you use resources better and increase yields.

4. Stay Informed:

Keep up with market trends, government policies, and new farming techniques. Participate in farm workshops and training sessions to continually improve your knowledge and skills.

5. Build a Strong Network:

Build relationships with other farmers, suppliers, and industry experts. A strong network can provide valuable support, share insights, and open up new opportunities for collaboration and growth.

6. Utilize Financial Services:

Make the most of the financial services offered by CCB. Since our employees live, work, and play in the same communities as you, they understand the local farm landscape and provides personalized advice, support, and solutions tailored to your needs.

Why Choose CCB?

CCB has been a proud, locally owned and operated independent community bank since 1902. Our long history and deep roots in the community mean we understand the unique needs of local farmers and businesses. Our motto, “Where Community Counts,” reflects our commitment to supporting the local community through personalized, friendly service and tailored financial solutions​.

At CCB, we are committed to supporting our agriculture community by offering flexible, competitive loan options tailored to meet your needs. By following best practices for managing your farm, you can help ensure sustainable growth and success in your farming business. For more information on how we can help your farm, contact us today. Let CCB, where community truly counts, be your partner in growing a thriving agriculture business!