Agribusiness Blog

Agribusiness Blog

Farm CPA Today
  • Supplemental Nitrogen – Don’t Waste It

    Summary: Delayed corn plantings have allowed pre-plant forms of nitrogen to dissipate, leaving many fields with wide variations in their need for supplmental nitrogen applications.  One potential solution is tractor-mounted sensors which detects the amount of greenness in corn and reveals whether there is sufficient nitrogen or it needs additional side-dress application and the amount to apply.  Such a […]

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  • High Cost – High Return : Low Cost – Negative Return

    During the late 1990’s and early 2000’s I was a part owner of a plastic packaging company.  We had always used a costing mechanism that relied upon standard costs and return for various products.  This usually resulted in accurate information except when the cost of the product got too high. In many cases, we would […]

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  • Farming Videos

    I was in Walla Walla, Washington with my cousins yesterday.  I helped them move their Case 4 Wheel Tractor and Case IH 2388 combine to get ready for wheat harvest. After doing that, we went to take a look at the green pea harvest that is just about to finish in the Walla Walla valley.  […]

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  • Don’t Trade-in Equipment – Sell it Instead

    As a tax advisor, I would normally tell my farm clients to always do a like-kind exchange on their farm equipment.  This would normally result in trading-in an older piece of equipment for a newer one of higher value to defer the tax on the old farm equipment. However, for 2009, there are many cases […]

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  • Corn Coming out of our “Ears”

    Many are calling the USDA Planted Acreage Report that came out this week “Bloody Tuesday” since the amount of corn acreage planted this year was much higher than what the trade was expecting.  Even though there was a large amount of rain early in the Eastern Corn Belt, three of the Western Corn Belt states, […]

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  • Defer Your Land Sale into 2010 Today

    My partner Scot and I have a 1031 exchange company that handles many tax-deferred exchanges each year.  About this time of year I like to remind our clients that they may be able to sell their land or real estate for cash, yet defer paying the tax on the sale until 2011. Here is how […]

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  • Joint Ownership of Machinery

    With the ever increasing cost of new and used farm machinery, it may pay for farmers to enter into joint ownership of certain farm machinery.  Probably the best type of machinery to have in joint ownership would be combines, sprayers and drills.  This type of equipment is usually only used at certain times of the […]

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  • Senate Report Finds Excessive Speculation in Wheat Markets

    A Senate Subcommitee spent the past year investigating the impact of index funds on the wheat market.  They concluded that all of this new money flooding into index funds distorted the market.  The 247 page report released on June 24, 2009 summarized their findings as follows: 1.  Excessive speculation in wheat. Index Traders increased future prices […]

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  • Be Careful of Organic Demand

    For several years, farmers who grew organic crops were able to generate higher returns than non-organic farmers.  However, with the current recession, those days may be coming to an end. Organic farmers are required to meet tough standards to have their crops and food products branded as organic.  Generally, they are not able to use […]

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  • Farmland as an Investment

    Fortune magazine just had a interesting article on farmland being a great investment, both in today’s environment over the last 5o years.  Part of the article was about investing in US farmland and part was about investing in farmland internationally. I think the themes in the article hold true.  We will always need to eat and […]

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