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.
If you've inherited or received farmland and want to learn some of the best strategies for managing it as an asset, get key information at a Nebraska Extension program being hosted at several sites this fall.
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.