After several years of agricultural prosperity and US net farm income that peaked at almost $124 billion in 2013, the most recent forecast from the UDSA Economic Research Service projects net farm income at less than $70 billion for 2019. The Extension Risk Management Education program helps farmers learn how to navigate the many risks they face.
Given the constraints of both the landlord and tenant, real estate taxes, and the farm economy, finding an equitable crop land rental agreement before February 28 may take a little creativity this year. Considering these factors may help.
Among the many tax consequences of the Tax Cuts and Jobs Act of 2017, are those affected by Section 199A deduction. A good tax break for farmers, it changes incentives for farmer patrons to market through cooperatives.
When looking at farm succession or transfer, sometimes recognizing the contribution of the sibling who stayed on the farm can be difficult for those who didn't. Good communication among family members is critical to a fair settlement. Here's one plan.
In light of the current global trade disputes, the CME Group, the world’s largest futures exchange, is reported to be considering launching a futures contract based on Brazilian soybeans. What could that mean for the market?
When considering business changes for your farm or ranch, focusing on a partial budget can help evaluate the financial effect of incremental changes without accounting for the entire farm budget. The story offers key points to consider and examples of how to apply them to your farm business.