CropWatch March 12, 2010 Market Journal: Tips for Taxes

CropWatch March 12, 2010 Market Journal: Tips for Taxes

March 12, 2010

On this week's Market Journal, Tina Barrett, director of the Nebraska Farm Business Association, Inc., shares some tips for tax planning. She says that tax brackets established in 2002 will expire this year and that unless Congress approves a change, the brackets will be higher in 2011.  She suggests increasing this year's taxable income.

Also on this week's Market Journal: 

  • Hedge and lock in prices for hogs  that will be marketed — Ron Plain, agricultural economist at the University of Missouri.  He expects producers to end the year with near breakeven prices.
  • Using the Internet to sell farm machinery — Mark Stock, vice president of Stock Realty and Auction Company explains how an online auction can be a viable alternative to consignment sales.
  • Planning for long-term care — Pamela Epp Olsen, attorney with Cline Wilson Wright Johnson and Oldfather L.L.P., explains the eligibility requirements and financial criteria related to planning for long-term health care.
  • Weather Update — Al Dutcher, UNL extension state climatologist tells viewers to keep their snow shovels handy for the next few weeks. Three more storms are expected before spring arrives.

On the next Market Journal (March 19, 2010) — Paul Burgener, UNL extension ag economics research analyst, will analyze the wheat market and Randy Rink, a producer from Pender will discuss how he adopted no-till production and the impact it has had on his 2,000-acre operation.

Broadcast Times

NET1 – Saturday, 7 a.m. CT
NET2 – Sunday, 9 a.m. CT
Dish Network, Channel 9411

Friday, 12:30 p.m. CT
Sunday, 9:30 p.m. CT
Wednesday, 8:30 a.m. CT