Finance-Accounting
The integration of artificial intelligence into financial systems is ushering in a more sophisticated era of tax management — one where software handles the heavy lifting.
While having a job outside of the farm brings dependable income and often insurance, the heavy load of working to help keep the farm afloat - while not being fully involved in daily operations - can take a toll on the off-the-farm spouse.
Strong financial organization and a solid relationship with your lender can make all the difference in getting a loan approved.
The borrower and lender relationship should be ongoing throughout the year, not just when renewing loans.
What’s the long-term difference between starting a retirement plan at age 20 versus 40? Farm CPA Paul Neiffer crunches the numbers.
Knowing the financial position of an operation helps producers make decisions faster and mitigate risk while also reducing overwhelm.
Income tax law will change this year, and it will be dramatic. Though the crystal ball right now is fairly cloudy as to the final provisions, the changes will likely be beneficial for most farmers.
With 30 tax provisions set to expire at the end of 2025, four experts explain how and when you could be affected.
Large-scale family farms (GCFI of $1,000,000 or more) accounted for 48% of the total value of production and 31% of agricultural land in 2023.
When times are tough is when farmers need their trusted advisers the most, says Greg Martinelli.
FSA says these changes will increase opportunities for farmers and ranchers to be financially viable.
Testimony at House Ag hearing Tuesday captured the downturn and anxiety in the ag sector.
The latest Ag Economists’ Monthly Monitor, a survey of nearly 70 ag economists from across the U.S., shows the lack of exports, as well as the current crop prices, are eroding outlooks on the crops side. While strong beef demand and cheaper feed prices are creating more optimism in cattle.
Paul Neiffer reviews the important updates to the new Farm Bill proposals from the House Ag Committee.
At Christiansen Land and Cattle, they’re committed to excellence and continuous improvement, a mindset that started when Christine Hamilton’s family homesteaded in South Dakota in 1891.
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.
Farm income is expected to drop notably from last year alongside lower revenues and higher expenses, but remain well above the historic average.
For 15 straight months, the rural economy has posted healthy and consistent growth.
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.
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.
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.
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’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.
Clear Lab uses a robotic platform to improve food safety and its method shortens testing turnaround times by up to five days.
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.
Health insurance coverage and healthcare costs are among the greatest challenges for self-employed Americans, including farmers.