Understanding and Applying Casualty Losses June 3, 2019

Casualty losses are an area of the tax code that we thankfully don’t have to deal with very often. However, when they do occur, they can be a major event in the life of a farming operation. Here are some things to consider and do now before tax time rolls around.

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Tax Consequences of Weather-Related Sales May 31, 2019

How do tax laws apply to crop and livestock losses due to flooding and should they be applied this year? Consider the effects for 2019, 2020 and afterward from using some of these options.

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Disaster-Related Tax Relief March 28, 2019

Due to the President's recent disaster declaration, individuals and businesses in several counties may qualify for tax relief. This covers an extended tax filing deadline, casualty losses, and how to request free copies of previously filed tax returns for affected taxpayers.

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Market Impacts of a Meat Tax March 20, 2019

In this week's Cornhusker Economics, two authors from the Department of Agricultural Economics address implications of a meat tax on livestock production and grain production.

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Extended Tax Filing Deadline for Farmers and Ranchers March 8, 2019

This week the IRS announced in Notice 2019-17 an extension to the March 1 deadline for farmers who did not make estimated tax payments by January 15, 2019.

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2019 Nebraska Property Tax-School Funding Issues March 8, 2019

Nebraska has some of the highest ag property taxes in the nation. This article explores how these taxes support state and local government as well as K-12 education and examines some of the major property tax relief proposals.

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Nebraska and Neighboring States’ Ag Property Taxes as a Percentage of State Net Farm Income Compared to US Average, 1950-2017 January 31, 2019

In Nebraska, agland property taxes have risen to historic levels in recent years as state net farm income has declined, leading to an agland property tax crunch for farm and ranch landowners. Nebraska’s agland property taxes as a share of state net farm income are 46% higher than for the US as a whole.

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Cornhusker Economics: Tax Strategies with the New Section 199A January 30, 2019

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.

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