Taxes and Finance
Proper farm insurance, which can include property insurance, general liability insurance and workers compensation, provide large operations with protection and peace of mind.
The rural economy keeps chugging along, according to the Creighton University Rural Mainstreet Index. For the ninth straight month, the RMI has stayed above growth neutral.
President Joe Biden’s tax plan has both good and bad news for farmers, says Paul Neiffer, a CPA and principal with CLA and author of the “Farm CPA” blog.
You would much rather spend your time doing versus sitting and thinking. But, if you aren’t consistently thinking about the future of your farm, who is?
Before you increase your fixed assets, define your goals and set limitations — in other words create a capital expenditure budget.
The Personal Consumption Expenditures (PCE) price index is a monthly measure of how much Americans are spending on goods and services. So far in 2021, the PCE has shown a sharp uptick.
Many farmers saw high profit opportunities in 2020 and 2021. But higher input costs are starting to eat into those positive margins.
Business growth can mean more acres, employees or revenue. What does it mean to you?
This week Paul Neiffer has a conversation with former U.S. Rep. Collin Peterson (D-Minn.), who as the U.S. Representative for Minnesota’s 7th congressional district from 1991 to 2021.
Don’t let minor expenses take a big bite out of your profits.
Strategic planning builds an innovative and sustainable position for your farm.
The 2022 Top Producer Summit will take place Feb. 14-16 in Nashville, with an online program launching Feb. 22-23.
2022 Top Producer Summit will convene in Nashville and online.
Manage risks before they catch you off guard.
For 13 straight months, the rural economy has posted healthy and consistent growth.
Deferred grain contracts are helpful tax planning tools. Unfortunately, farmers often skip a vital step.
Enjoy this look of the farmers we met this year. You’ll probably find an idea or two to adopt as we look toward 2022.
There’s no one better to provide a realistic and informative take on tax planning than Paul Neiffer, principal with CLA and author of “The Farm CPA” blog.
Due to uncertainty in tax policy, you likely pushed the pause button on tax and succession planning for your farm. As you enter 2022, it’s time to be proactive.
This year could be a real test of your management skills.
Craft a plan to up your farm’s strategic direction.
After growing up in a small town in northeast Michigan, spending time in Bosnia and earning a degree in economics from Iowa State University, Kauffman started his career with the Federal Reserve.
For 14 straight months, the rural economy has posted healthy and consistent growth.
The 2022 Top Producer Summit is your opportunity to learn and grow as a farm CEO, surrounded by hundreds of peers in the vibrant city of Nashville
The global economy is facing numerous headwinds and tailwinds. Many of the forces at play will impact your farm.
For 15 straight months, the rural economy has posted healthy and consistent growth.
Beyond what you pay for food and consumer goods, inflation impacts your balance sheet.
U.S. net farm income, a broad measure of farm profitability, is currently forecasted at $113.7 billion, down 4.5%, according to USDA’s most recent Farm Sector Income Forecast.