Farm Business - General
2021 was a strong financial year for many farmers. For 2022, input costs are rising rapidly. One ag lender cites $700 per acre in some scenarios. That means farmers will need strong yields this season to break even.
Exploiting their growing hacking skills, John Phipps says North Korea’s cybercrime against banks, and economic institutions now generate about 8% of their economy. And he says this could have an impact on agriculture.
These operations have found ways to increase cash flow and create room for more family members on the farm.
It is likely you will need to report all current business entities to the government in 2023. Any new entities must file within 14 days of formation.
The Faribault Woolen Mill continues to expand their product line and number of retail stores. It is a comeback story with roots in the days just after the Civil War.
The trend in interest rates is up and the IRS AFRs reflect this trend. We go over some of the details.
All items sell absolute with no buyer fees.
I have long maintained everyone should be required do their own income taxes.
As a 2018 Nuffield Scholar, Archie Griffin traveled to 16 countries to study how farms can find success if their primary products are facing declining consumption, value and profit margins.