Taxes
The practices used during the 2024 growing season will have a direct impact on the ability to take advantage of these incentives. Mitchell Hora of Continuum Ag shares what you need to know.
Leading financial experts underscore the importance of farmers understanding the do’s and don’ts of a Line of Credit that will help producers during the downside of the rollercoaster markets they have gotten to know.
When the IRS audited the Hajda farm, an agent arrived at the property, sat inside the farmhouse kitchen, and pored over the family’s finances.
The American Families Plan provides direct and indirect benefits to families. It also raises a lot of key questions for farmers and their succession plans.
“This is an immense opportunity. For the first time, 45Z provides farmers and biofuel manufacturers a scoreboard with a transparent points system and a business model that rewards scoring points,” says Mitchell Hora.
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.