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28
Jul

PPP Expenses + Milk Base Purchase = Unexpected Tax Bill?

July 28, 2020

By: Dario Arezzo

2020 is shaping up to be one of the most interesting tax years in a long time. Between USDA payments, PPP funds and everything in between, it will be critical for farmers to stay up to date on projected year-end numbers to avoid an unpleasant tax surprise. Dario Arezzo illustrates the importance of situational awareness this tax year.

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Posted In: Tax Talks

Tags: tax planning, taxes, paycheck protection program
21
Jul

USDA Expands Coronavirus Food Assistance Program to Cover More Specialty Crops

July 21, 2020

By: Chris Laughton

The Coronavirus Food Assistance Program was designed to help compensate farmers for the market disruptions that occurred in the early stages of COVID-19. Read about the program and two notable exceptions for Northeast apple and potato growers.

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Posted In: Public Policy

Tags: economy, farm business, fruit & vegetables, fruit production, vegetable production, usda
15
Jul

Not Making a Decision can be the Worst Decision: How to make farm succession actionable

July 15, 2020

By: Jon Jaffe

There are many reasons to begin your farm business succession plan, especially as you approach your “golden years.” While difficult decisions may be involved, Farm Business Consultant Jon Jaffe explains that making those decisions is often better than doing nothing at all.

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Posted In: Transition Planning

Tags: business planning, estate management, estate planning, farm business, generational transfer, succession planning
10
Jul

Understanding Producer Price Differential on your Milk Check

July 10, 2020

By: Gregg McConnell

The dairy industry has been impacted by many factors during COVID-19, but perhaps the largest is the uncertainty in milk price. Gregg McConnell explains some basics about milk price, Producer Price Differential and producer premiums.

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Posted In: Business Tips and Tools

Tags: dairy revenue, dairy, economy, farm revenue, risk management