Tina Barrett - Executive Director of Nebraska Farm Business Inc.

Tina Barrett

(staff)
Work
NE Farm Business Inc 3815 Touzalin Ave Ste 105 Lincoln NE 68507
US

Nebraska Farm Business Bio

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Financial Impact of the Tax Cuts and Jobs Act on Ag Producers August 22, 2018

As experts continue to interpret the new tax code, two things are certain for ag producers: The changes are far reaching and complex and in many cases, will result in a lower tax liability. This overview looks at several of the major changes affecting ag producers.

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Section 199a of the New Tax Act – The 20% Pass-Through August 22, 2018

Implementing one of the new tax law changes, Section 199a - the 20% Pass-Through, may offer some challenges to tax preparers working with ag producers who qualify both as business owners and co-op members.

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Chart of financial positions 2008-2018

NFBI Averages Show Crop Operations Buoyed Up by Livestock in 2017 May 17, 2018

The 2017 averages from farm and ranch operations serviced by Nebraska Farm Business, Inc. were recently released and show more polarization among healthy and non-healthy financial situations among the group. With the downturn in crop prices, operations that did not adapt are struggling.

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Overview of Tax Law Changes for Ag Operations January 11, 2018

The author reviews a number of changes introduced by the 2017 Tax Relief Act and briefly notes their possible effect on farm and ranch operations.

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Tax Law Update: Elimination of 1031 Exchanges for Personal Property January 10, 2018

One outcome of the 2017 Tax Relief Act was the elimination of personal property under the rules of Section 1031. This change will affect record keeping for ag operations and may have a significant impact on many farmer's tax returns.

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Effects of Proposed 2017 Tax Reform on Farmers October 19, 2017

It looks more likely each day that Congress will pass tax reform in the near future. This article looks at how the tax reform changes proposed by President Trump would impact farmers and ranchers. The main goals — to reduce taxes for families and businesses and to simplify the tax code — generally would benefit farmers.

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Farm Finance Averages Show Some Light, Despite Concerning Ag Debt May 3, 2017

Nebraska Farm Business, Inc. recently completed its financial averages for 2016. These averages represent producers across the state who participate in this financial analysis program. Nebraska Farm Business Inc. provides producers with a comprehensive analysis of the financial health of their business, including their accrual basis net farm income (the true earnings of the business), an earned net worth change, cost of production, 21 financial ratios, and more. Each year the data collected from these farms’ records is averaged to provide participants with information to benchmark their operations. Taking a closer look at these averages also indicates shifting trends across these farms and ranches.

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Caution for Farm Equipment Leases March 23, 2017

Many factors in the current agricultural economy are leading producers to consider a lease arrangement of new capital purchases instead of an outright purchase. When considering this option, it’s important to consider both the pros and cons as well as possible effects on your tax return.

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