August, 2016

  • Businessman-Thinking-Looking-At-Laptop

    IRS Continues to Have Issues With Payroll Tax Deposit Due Dates

    For some reason the IRS can not seem to get their computers to understand that the United States actually follows certain holidays during the year. All payroll tax deposits have certain due dates and if these due dates fall on a holiday, the due date automatically gets rolled forward to the next business day. However, the IRS computers sometimes gets confused and still thinks the due date is on the holiday and sends out penalty letters.


  • Dairy Margin Protection Program Finally Makes Payments to More Producers

    The 2014 Farm Bill created a new program for dairy producers to lock in certain margins for their operations. The margin was calculated as the difference between the National All Milk price and a feed factor based upon the price of corn, soybean meal and alfalfa hay. Producers could lock in margins between $4 per cwt (no premium would be owed) up to $8 per cwt in 50 cent increments. The vast majority of dairy producers elected the $4 per cwt coverage level for both 2014-2016. They could elect to cover between 25% and 90% of their margin.


  • Be Careful With LDPs

    Several wheat growing areas of the US are now seeing the option to receive Loan Deficiency Payments (LDP) in lieu of doing a loan with the Commodity Credit Corporation.  These payments represent the spread between the current loan rate per bushel and the lower of the 30 day Posted County Price (PCP) or the alternative […]


  • Details Matter!

    As stress builds in the farm sector, care must be taken if the farmer is considering filing for Chapter 12 bankruptcy. This type of bankruptcy was specifically put into law to help farmers reorganize their debts and continue farming.


  • Farmland Investment Up North

    As a business, owning your farmland may not be the best solution. As long as you control the asset, it may make more sense for someone else to own it.


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