Latest News From Finance-Accounting

How to Communicate with Your Ag Lender
How to Communicate with Your Ag Lender

Communication is key, but what does good communication look like between cattle producers and their ag lenders? Mark Sand shares the key components of building a strong relationship.

KC Fed: Credit Conditions For Livestock Producers To Improve, Deteriorate For Crop Farmers
KC Fed: Credit Conditions For Livestock Producers To Improve, Deteriorate For Crop Farmers

Farm income is expected to drop notably from last year alongside lower revenues and higher expenses, but remain well above the historic average.

 What in the World is Going On With Glyphosate Prices?
What in the World is Going On With Glyphosate Prices?

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.

Lusk Named New Dean of Oklahoma State's Division of Agricultural Sciences and Natural Resources
Lusk Named New Dean of Oklahoma State's Division of Agricultural Sciences and Natural Resources

Oklahoma State University announced Dr. Jayson Lusk as the new dean and vice president of its Division of Agricultural Sciences and Natural Resources. Lusk will succeed Dr. Tom Coon in early August. 

Small-Town Bank CEOs are Cautiously Optimistic, says Rural Mainstreet Index Survey
Small-Town Bank CEOs are Cautiously Optimistic, says Rural Mainstreet Index Survey

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.

USDA Confirms Farmers’ Fears: Net Farm and Net Cash Farm Income Expected to Fall This Year 
USDA Confirms Farmers’ Fears: Net Farm and Net Cash Farm Income Expected to Fall This Year 

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.

Use Portability to Avoid a Potential Multi-Million Dollar Estate Mistake
Use Portability to Avoid a Potential Multi-Million Dollar Estate Mistake

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.

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Rural Economy Posts Growth for 15 Straight Months

For 15 straight months, the rural economy has posted healthy and consistent growth.

The Future of Agricultural Lending
The Future of Agricultural Lending

Be ready for new ways to finance your farm.

Prep Your Farm Business for the Year’s End
Prep Your Farm Business for the Year’s End

With the hustle and bustle of the holiday season hastily approaching, now is the time to look over business details to help make your transition into the new year much smoother.

HSAs Offer Health Care, Retirement Savings
HSAs Offer Health Care, Retirement Savings

Health insurance coverage and healthcare costs are among the greatest challenges for self-employed Americans, including farmers.

Forbidden: The Curious Case of an Agriculture Loan Denied
Forbidden: The Curious Case of an Agriculture Loan Denied

Is animal reproduction an activity deemed ineligible for a bank loan? Yes, in Rhoda Rein’s case, and her rejection raises a series of unanswered questions.

Tyson Ventures Invests in Food Safety Testing Firm Clear Labs

Clear Lab uses a robotic platform to improve food safety and its method shortens testing turnaround times by up to five days.