Ag Policy
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One Year Lag in ARC Olympic Average Revenue
The new Farm Bill calculates guarantees in arrears which makes it easier to calculate but the final number may be lower for many counties. We go over the details.
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Don’t Be in A Hurry on ARC/PLC decision
Most farmers prefer PLC for 2019 sign-up, however, it makes sense this year to wait. You have plenty of time to make your final decision.
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New Agreement on Mexican Tomatoes
Ongoing trade issues have been a big concern for farmers this year. While China has dominated the news lately, there has been some progress on negotiations this month on tomatoes from Mexico.
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What are your Social Security Bend Points
As you approach retirement you wonder if you should pay in more FICA taxes. We go over the calculations. The answers may surprise you.
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Why is a GP not an Entity?
MFP round #2 has a higher payment limit than the first round. However, many farms will not qualify for the maximum payments. We explain why.
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One Method of Calculating MFP
We calculated estimated MFP payments for counties in Iowa to see where there were material differences. We came up with 7 counties materially lower than the final USDA #s and provide one reason why this may be what happened.
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A Potpourri of Items
Today’s post is potpourri of items that have come up over the last few weeks.
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What California Farms Need to Know about SGMA
Today’s post is courtesy of Shevar Goonewardena, out of our Roseville, CA location. In 2014, the Sustainable Groundwater Management Act (SGMA) was passed into law in California. Shevar spoke with Ag Council’s Emily Rooney to learn more.
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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.