Estate and transition planning will be the focus of an Annie’s Project Retreat Nov. 3-4 at the Panhandle Research and Extension Center in Scottsbluff. Course size is limited; please pre-register by Oct. 27.
Fall is a good time to start thinking ahead to your farm or ranch taxes. If you use Quicken (Deluxe) for your record keeping, here are some key reports to make your tax planning and next meeting with your accountant easier.
USDA National Agricultural Statistics Service has released average cash rents by county for irrigated, non-irrigated and pasture ag lands in Nebraska. Higher rates tended to be in eastern Nebraska for all three land use types.
A new interactive, online tool can help you better understand and monitor local elevator basis levels and trends for corn, soybean, and wheat, which may help you garner a higher cash price for your grain.
An Aug. 29 Landlord/Tenant Cash Lease workshop is designed to help landlords and tenants put together a lease that is right for both parties involved and help maintain positive farm leasing relationships. It will be held at the University of Nebraska Panhandle Research and Extension Center from 9-11:30 a.m.
Farmers and ranchers are required to issue IRS 1099 forms for any payments of $600 or more made in the course of their trade or business. This basically means that if you are deducting that cost on your tax return, your need to issue a 1099. Learn more about the requirements and recommendations for issuing.