Farm Operations
-
Equipment Purchases, Interest and Taxes
As year end approaches, equipment purchases are on the minds of producers. Depreciation saves on taxes, but have you considered the other potential costs?
-
The Important Stuff – Golf
I have 12 spots available for golf next Monday morning for the AICPA Ag conference and am requesting you send me an email to confirm you are golfing.
-
Ag View Pitch
Chris Barron has a podcast called the Ag View Pitch and I recently did a podcast with him on farm business structure. I encourage you to take a listen.
-
The FarmCPA Podcast
I recently started a Podcast called the FarmCPA Podcast with Top Producer. We are still getting some of the kinks ironed out but I hope you will subscribe to the podcast.
-
More Farm Relief from States and Local Governments
States and Local Governments are also providing COVID-19 financial relief for farmers. We review one example from Iowa.
-
More Types of Income Qualify as Farm Income
FSA released an update that allows wages and IC-DISC income to be considered farm income for AGI calculations.
-
Joe Duda Discusses What You Don’t Know About Risk Management
Joe Duda and I discuss some of the risks that farmers face. I also share a personal experience that our family faced regarding the risk of injury.
-
Updates on a Few Posts
We respond to some comments on yesterday’s post and the post on the Farm Decision Tool.
-
2019 YTD Dairy Margin Coverage Payments Announced
The USDA finally announced the payment amounts for the new Dairy Margin Coverage program
-
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.