Finance-Accounting
If your spouse dies, look into filing Form 706 Federal Estate Tax Return with the IRS. Taking that step could help you protect farm assets so they pass to your heirs without estate taxes. The process isn’t automatic.
As we look ahead, here is what I have seen the best operations do in both good and challenging years.
Suppliers and retailers continue to cut glyphosate prices in the U.S. as the industry grapples with too much supplies. With no resolve in sight, one inputs analyst thinks glyphosate prices could remain low through 2023.
Wednesday’s interest rate decision broke a streak of 10 straight meetings where the Fed announced higher rates. Officials say another half-a-percentage-point hike is likely yet this year.
The 2023 crop is in the ground and growing steady, just like ag’s financial risks this year, according to Alan Rosendahl, farmer and senior vice president at Iowa State Bank in Kesley, Iowa.
If you’re ready to meet with an alternative lender, here are some points to keep in mind.
Despite the positive sentiment, local community bankers report concerns about lower commodity prices, the ‘big bank mess’ and another potential rate hike in June by the Fed.
Just as your crops will be doing soon, financial risks are growing this year.
Having another financing option can make all the difference when the right opportunity comes your way.
USDA’s first official net farm income forecast shows an expected 16% drop in 2023 net farm income, largely due to a decline in commodity prices and government payments with higher expenses and costs at the farm level.