In this month’s Knowledge Exchange Partner, Farm Credit East Tax Consultant, Edward Maxwell, explains the importance of understanding your operation’s tax liability and how to tax plan for cash basis reporting.
Ag Industry Trends & Outlooks
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Latest From Today's Harvest Blog
Farming remains one of the most dangerous occupations in the country. Accidents can, and do, happen all the time. It’s important to implement preventative precautions and to be prepared if the worst case scenario happens.
September 19, 2022
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Managing a successful dairy farm means managing a lot of information. One of the things we work with clients on is collecting numbers from your farm, comparing those metrics to industry aggregates, and helping producers understand what that comparison means. Learn the nine numbers we talk to our consulting clients about.
September 13, 2022
In the last Tax Talks, “Tax Strategies for 2022: Understanding Your Tax Liability,” we began to understand the importance of record keeping and tax planning early in the year. In today’s blog, we’ll continue to build upon that foundation as we discuss tax planning for cash basis reporting.
September 07, 2022
Have you started tax planning for 2022? First and foremost, you need to have a good record keeping system in place to accurately detail your farm income and expenses. If you wait until the dark, cold months of January and February to do your books for the year when there isn’t much else going on, you’re not going to have the opportunity to accurately tax plan.
September 01, 2022
Originally published in Hoard's Dairyman, this article by Roger Murray, Farm Credit East Chief Marketplace Officer,discusses how to plan ahead in this inflationary environment to ensure more of your gross revenues remains in your pocket.
August 23, 2022
The Ag Globe Trotter Weekly
Dr. Kohl is Professor Emeritus of Agricultural Finance and Small Business Management and Entrepreneurship in the Department of Agricultural and Applied Economics at Virginia Polytechnic Institute and State University. In addition to his weekly and quarterly articles on the ag economy, Dr. Kohl has traveled more than eight million miles throughout his professional career and has conducted over 6,000 workshops and seminars for various agricultural groups.