Farm Leadership
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MFP Update
USDA announced details on the Market Facilitation Program payments today. We recap the major provisions.
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Farm Lease Accounting
Major changes are coming to accounting for operating leases. It has likely been postponed for a year, but it would be wise to know the changes and get started now.
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2019 YTD Dairy Margin Coverage Payments Announced
The USDA finally announced the payment amounts for the new Dairy Margin Coverage program
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Update on Learning Sessions
We are ramping up our full-day farm tax updates and this post provides the details.
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Deferred Payment Contracts Apply to Related Parties Too
A farmer can sell their grain to a related party on a deferred payment contract. This can help them optimize their taxable income.
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Headings Can Be Deceiving
We received the attached article with a very misleading heading. We explain why.
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To Prevent Plant Or Not
Farmers are approaching the prevent planting crop insurance decision and current number crunching leans toward taking prevent plant, but you must run your own numbers.
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75% AGI From Farming is Good
The Disaster Aid package expected to be signed by the President may allow more MFP payments to be paid to farmers.
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The Second MFP – How Much Will You Not Collect?
The USDA announced a new MFP program to help farmers. However, many farmers will not get the full payment they are entitled to.
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Is it Better to Pay Interest or the Penalty
A reader responds to our post on underestimated taxes and we provide related guidance.