Determining a Fair Rent for Farm Buildings
September 27, 2024
Insights on calculating fair rent for farm buildings by evaluating both fixed and variable costs, such as depreciation, property taxes, insurance, and repair expenses, as well as building size, condition, location and risk.
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.