Taxes and Finance
In 2007, Casey Kimbrell pulled the handbrake on life, questioned the fundamentals of agriculture, and determined to topple the assumed pillar of farm function—debt.
President Biden planned to meet with chief executives of major retailers and companies to discuss how to move goods to shelves as the U.S. holiday shopping season begins in the shadow of the Omicron coronavirus variant.
Is there any correlation between President Biden’s energy policy and current prices at the pump? John weighs in on a viewer’s question during U.S. Farm Report’s Customer Support segment.
Agriculture is a growing and evolving industry, skills and industry knowledge develop over a lifetime.
One result of the pandemic was a spike in savings rates. In the U.S. last April, Americans collectively saved a record 30% of their income. John Phipps looks at China’s savings rate and what it’s meant for exports.
Farmers tend to focus on net profit per acre in determining financial decisions. I think they should focus more on contribution margin per acre.
Finding ways to save money is top of mind for farmers. Facing high input costs and expected supply chain delays for months to come, every purchase decision has become that much more important this year.
Increasingly personal income in the U.S. is about owning, while income from working is slowly declining.
As you build out your 2022 plans, let’s focus on equipment rates and management.
In an op-ed written by NCGA CEO Jon Doggett, he says fertilizer executives are bringing in climbing profits at the expense of farmers, referring to those fertilizer companies as the “Fertilizer Oligopoly.”
3 questions farmers need to ask before lending equipment to neighbors
Could your business survive without farm program payments?
Now that we have survived all of the challenges from 2020, what should we focus on for 2021? Here are four key questions to consider when putting together your 2021 budget.
Since May 2020, the national average retail prices of fuels have nearly doubled. So, what’s driving the increase in prices? John Phipps breaks down the reality of politics versus economics.
Successful execution starts with crystal clear objectives, time frames and who’s responsible for what.
The theme of Covid shutdowns, along with shifts to greener energy and other decisions, has led to a network of shortages that threaten home heating in Britain, electricity in Brazil, and availability of power in China.
The out-of-the-box thinking brought forward by the Bayer Carbon Program has gotten attention from farmer customers as a simple, yet effective opportunity to generate revenue.
I am frequently asked: “Should I maximize my earned income for a few years before retirement to increase my Social Security retirement benefits?” My answer is the typical, “It depends.”
Prepare for new accounting methods for your farm.
Patronage, competitive rates, and a spirit of working together are just a few benefits of belonging to a cooperative lender
For nearly a year, the rural economy has shown consistent growth, according to the Creighton University Rural Mainstreet Index (RMI).
Bayer told investors Tuesday that it sees no impact on its full-year guidance due to Hurricane Ida shutting down its glyphosate plant for more than five weeks, or the fact farmers may switch acreage decisions for 2022.
Supply chain issues are becoming one of the biggest concerns for agriculture, and some economists say as the bottlenecks reach a critical point, it could take at least a year to remedy chaos in the global supply chain.
Port officials say strong American consumer demand has continued unabated for more than a year, as the Port of Los Angeles has seen a 30% increase in cargo volume so far this year, while exports fell 23% in August.
Oil prices rose by about 2% on Monday, extending gains as an energy crisis grips major economies amid a pick-up in economic activity and restrained supplies from major producers.
According to the Food and Agriculture Organization (FAO), food prices are up 40% over the past 15 months.
The U.S. Justice Department’s acting head of Antitrust Division says labor markets were a top priority for enforcement efforts, indicating a shift toward issues set by the White House’s executive order on competition.
Possible tax changes on the table in Washington are causing angst in agriculture. Secretary Vilsack says the proposed changes won’t impact 98% of family farms, but another analysis contradicts those claims.
Chip Flory of AgriTalk and Pro Farmer policy analyst Jim Wiesemeyer have a conversation with Paul Neiffer of CliftonLarsonAllen about potential future tax liabilities for farmers and ranchers.
Sound financial planning; strategic advice can make the difference through market ups and downs