May, 2009

In-Kind Wages Can Be Better Than Cash

By: | Trackback URL | 5 Comments

May 26th, 2009

One of the great options open to farmers is to pay their employees in-kind wages.  In-kind wages are the payments of the crops that a farmer grows.  For example, a farmer could pay their employees either cash wages of $10,000 or 1,000 bushels of soybeans worth $10,000.  The reason that a farmer would want to […]

More

Some Income Tax Goodies

By: | Trackback URL | No Comments

May 20th, 2009

The American Recovery and Reinvestment Act of 2009 delivered several tax goodies for farmers and their families.  Here are some of the highlights: 1.  Higher Education Credits – You can now have a maximum credit of $2,500 for higher education costs and this applies for the first four years of school instead of the old […]

More

Credit Squeeze is Hitting Farmers Now

By: | Trackback URL | No Comments

May 19th, 2009

It seemed for several months that the credit squeeze was passing farmers by.  However, lately I have ready several acticles about the credit squeeze hitting farms and farmers now.  Frontier Bank in Colorado specialized in loaning to farmers and it went under a couple of months back.  Most of these farmers using the bank were […]

More

Why Strategic Plan Succeed

By: | Trackback URL | No Comments

May 16th, 2009

In my previous post, I listed six reasons why strategic plans fail.   Strategic plans will succeed if they incorporate three main phases: The first phase is “intuitive thinking ” and it has more of an emotional attachment to it.  This first phase answers the bigger questions such as, “Why are we in business?  Who are our […]

More

Why Strategic Plans Fail

By: | Trackback URL | No Comments

May 16th, 2009

I found a great article written by Ron Price, CEO of Price Associates, in AgProfessionals.com regarding why strategic plans fail.  At one time, I was in a manufacturing company that periodically performed a strategic plan that had many of the problems brought out in this article. In short, there are six primary reasons why strategic […]

More

Thoughts on Estate Planning for Farmers

By: | Trackback URL | 1 Comment

May 16th, 2009

I think over the next several months major changes will be made to the estate tax laws.  Right now, each individual can have a tax-free estate of $3.5 million.  Next year it is unlimited, however in 2011, it reverts back to $1.0 million.  I think Congress will make changes this year to make the current […]

More

Subscribe to this blog by:

Previous Posts

Events

View upcoming speaking engagements and other networking events for Paul Neiffer and CliftonLarsonAllen’s agribusiness team.

See All

  • Twitter Feed

    I'm in Big Sky Country. Billings MT 4 hours ago

    Pre Check is now as slow as regular line at airport. 9 hours ago

    Traveling to Billings for Farm Financial Standards Council annual meeting 1 day ago

    Congrats to # 24. The Chase is in for #5 2 days ago

    Got to drive a Case IH 2388 yesterday in 130+ bpa wheat for two hours. My idea of a perfect day. Have two more days end of the week 3 days ago

    Debt as percentage of farm assets will go up as farmland and equipment values go down. Where will it stop? 3 days ago

    Photo of 140 bpa wheat near Walla Walla pic.twitter.com/YsA2wPt1iH

    4 days ago

    Corn does well in Washington state. 55 at night 95 during the day plus irrigation 5 days ago

    If average cash rents drop $50 this fall and cash return is 2% equals drop in average land values of $2,500. We shall see. 6 days ago

    2 years ago corn + beans + wheat was almost $40. Now it is under $20. 6 days ago