Farm Industry Trends

  • Food Demand Drives Farmland Prices

    I try to skim a few of the major Mid-West farm cities and the Omaha World-Herald recently had an article on how food demand is driving farmland prices higher.  There was a regional conference in Omaha sponsored by the Federal Reserve of Kansas City.  The meeting brought forth various good nuggets of information about the […]

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  • Russia is Going for Dominance in Wheat

    I had a post from about two weeks ago about the USDA predicting that Russia would become a larger exporter of wheat than the US by about 2019. Bloomberg Businessweek just wrote an article on how Russia is fighting for World Dominance – in Wheat!.  The article recaps that Russia is able to sell their […]

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  • You Can Use an IRA Too – Maybe!

    My post from yesterday resulted in several comments and questions that I would like to respond to. One comment is that code section 4975 deals with prohibited transactions regarding you and your pension plan or IRA.  There are severe penalties for not obeying the rules regarding these transactions.  However, if you obey the rules, the […]

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  • Tap Your 401(k) to Start Your Farm Business

          I know that many of our readers currently have jobs not related to farming, however, you would like to leave that job and start farming on a full-time basis.   One of the major drawbacks to doing this is the lack of capital.  However, many of you could have a substantial asset that […]

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  • The Law of Diminishing Returns

    In my post yesterday, I indicated that maximizing your net return per acre was more important than the most yield per acre.  One of our readers wrote a great comment regarding how their operation tries to maximize their yield to achieve the most net revenue per acre. My post should have stressed that your farm operation […]

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  • Net Revenue Per Acre Trumps Yield Per Acre

    I was watching Agday yesterday and noted in the business section that Mark Gold of Top-Third Marketing was the guest and had a discussion on how gross revenue per acre was more important than yield per acre.  His insight is that it can be more important to budget for getting top marketing dollars for your […]

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  • As Carl Sagen Would Say “Get Ready for Billions of Form 1099s”

    Scott Heintzelman of The Exuberant Accountant has a very good post on the new rules coming for 1099 reporting for all businesses starting in 2012.  In one of my previous posts, I had indicated that these rules were coming, but Scott does a very good job of highlighting the changes. One thing that needs to […]

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  • Former Soviet Union May Become the Largest Wheat Exporter

    It is projected by 2019 that Russia may become the world’s largest wheat exporter and Russian, Ukranian and Kazakhstan (RUK) wheat exports collectively may double the United States wheat exports according to the June 2010 issue of Amber Waves.  This growth in wheat exports may help mitigate global food security concerns and help offset the […]

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  • Some S Corporation Dividends May become Subject to SE Taxes

    The American Jobs and Closing Tax Loopholes Act of 2010 is expected to be passed in the next week or so.  In this tax act, there is a provision that states all ordinary income earned by S corporation from professional services (such as accounting, consulting, medical and other related professions) will be subject to self-employment […]

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  • Farmland Values up in First Quarter

    The Federal Reserve Bank of Kansas City issued their quarterly report on agricultural credit conditions for the first quarter of 2010.  They indicated farmland values rose due to strong demand and the rebound in livestock prices.  Both farmer and non-farm demand appears to be very good.  Looking ahead, they expect farmland values to hold steady. […]

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