Across the country, dairy producers are seeing an unexpected bright spot in their bottom lines — record-high calf prices. In the past month, feeder cattle prices have reached record highs, with beef calf prices surpassing $1,600 per head. The growing beef-on-dairy trend has transformed calf sales into a meaningful revenue stream, adding $3.00 or more per hundredweight to many producers’ bottom lines.
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Filing farm taxes doesn’t have to be confusing. The IRS requires you to report all income unless specifically excluded, and only deduct expenses that are both ordinary—common in farming—and necessary—helpful for your business. Understanding these basics can save you time and stress.
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FarmStart and Beginning Farmers
Is GenerationNext Right for me?
As the agricultural industry continues to evolve, the need for skilled and knowledgeable farm managers has never been greater. Farm Credit East's GenerationNext program is designed to meet this demand by offering comprehensive training for young and beginning farmers, as well as those taking on management roles within their ag businesses. GenerationNext provides the tools and knowledge necessary to succeed in modern farm management.
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FarmStart and Beginning Farmers
Investing in New Ag Producers from all Walks of Life
FarmStart, a partnership between Farm Credit East and CoBank, supports individuals looking to launch businesses in farming, fishing and forestry in the Northeastern U.S. This mission-related investment program helps Young, Beginning and Small farmers overcome some of their challenges and barriers to entry.
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