Taxes and Finance
The Top Producer of the Year Award identifies and honors agricultural producers from whom our readers can learn business concepts, ranging from value-added ventures to succession plans to overcoming adversity.
Rising prices, stagnant wages and financial pressures are leading many young adults to cut back on eating out.
Strong financial organization and a solid relationship with your lender can make all the difference in getting a loan approved.
Taxes shouldn’t drive a farm’s succession and estate plan, says Polly Dobbs, an estate planning and wealth transfer specialist. She shares what farmers need to know about changes made in the One Big Beautiful Bill.
Conducting a midyear financial check-in for your operation can help you spot money hiccups early, tweak plans and stay on track for a stronger finish to the year.
CFTC says expanding trading hours would ensure markets remain vibrant, while commercial hedgers and commodity brokers who work with farmers say it will fuel volatility and won’t make the markets stronger.
Income tax law will change this year, and it will be dramatic. Though the crystal ball right now is fairly cloudy as to the final provisions, the changes will likely be beneficial for most farmers.
Three key provisions in the 2017 Tax Cuts and Jobs Act are set to expire in December. Planning now can help farmers prepare financially if the provisions aren’t extended, says CPA Paul Neiffer.
Until your needs for the next chapter of transition or retirement are put on paper, there is likely fear about the unknown. Thankfully, it’s easy to navigate with these steps.
Farm CPA Paul Neiffer details the differences between what USDA and the IRS consider as farm income.
Farmers First Trust uses a specific transaction process that can help farmers sell the family operation without the immediate tax burden.
With 30 tax provisions set to expire at the end of 2025, four experts explain how and when you could be affected.
With the unknown of if and when Congress will act, guidance is available based on estate size.
What you need to know about the 40A biofuels tax credit, 40B sustainable aviation fuel credit and 45Z clean fuel production credit.
As you do your tax planning at year-end, be sure to review any assets you have held for at least a year to determine if your taxable income remains in the 15% tax bracket.
A letter from AFBF President Zippy Duvall to state Farm Bureau presidents said the action comes after a failed mediation session on Monday. The move is in retaliation for a decision by the Illinois Farm Bureau’s affiliate, Country Financial, to drop a Farm Bureau membership eligibility requirement for non-farm insurance policy holders in Illinois.
Bayer’s $63 billion purchase in 2018 of seeds and pesticides maker Monsanto was a long-term bet on robust growth in farming supplies which has so far misfired.
One of the biggest anticipated changes that could impact farms across the U.S. is the possible change to the tax policy under a second Trump administration.
The Risk Management Agency just released official harvest prices for federal crop insurance — and they came in well below the base prices set back in February.
The Soy Transportation Coalition says every foot of reduced water depth or draft is the equivalent of loading 7,000 fewer bushels of soybeans per barge.
As harvest ends, focus on next year’s crop planning by understanding break-even costs and budgeting inputs. This will boost profitability and enhance your negotiating power.
Farm CPA Paul Neiffer details a few examples of how tax-deferred exchanges of farm real estate are taxed.
The hard-learned lessons of thin margins and financial potholes are worth heeding. Skip Klinefelter has absorbed years of uninvited turbulence and kept moving forward. He offers six tips for surviving tough times.
Union head vows to stay on strike ‘as long as necessary’ as the first strike since 1977 halts the flow of goods, ranging from bananas to beef, pork and poultry to industrial materials, leading to potential shortages and price hikes.
Sponsored
Despite significant interest from potential buyers driven by soaring land values, Iowa farmers show a strong inclination to retain ownership of their operation.
This Top Producer Summit workshop with Mark Faust will outfit you with the tools you need.
Biden administration officials are meeting with the United States Maritime Alliance (USMX) to urge good faith negotiations in the ongoing labor dispute with the International Longshoremen’s Association (ILA).