October, 2009

Pay Down Your Debt

By: | Trackback URL | No Comments

October 31st, 2009

Farmers are enjoying fairly low short-term and long-term rates right now (that is assuming you can borrow the money).  With the government continuing to pump large amounts of liquidity and stimulus into the economy, it is very difficult to predict that these lower rates will continue to last much longer. Much like, fertilizer, fuel and […]

More

Trip to Kansas City

By: | Trackback URL | No Comments

October 22nd, 2009

I just got back from spending about three days in Kansas City.  During my time there, I was able to get in about 6 hours of driving a John Deere 9660 combine.  It took until about noon for the soybeans to dry up enough to be able to harvest them. I know when I was […]

More

Solutions – Not Empathy is What Matters Most

By: | Trackback URL | No Comments

October 15th, 2009

About two months ago, I messed up with paying a bill for another business that I am involved in.  I sent a check for $6,500 made payable to one vendor to a different vendor for a $45 bill.  Of course, they cashed the check and my other vendor wondered why they did not get paid. […]

More

Defer the Crop Insurance Payment – MAYBE!

By: | Trackback URL | No Comments

October 13th, 2009

Several of my farm clients have called me and asked whether receiving a crop insurance payment this year is taxable in 2009 or 2010.  I commonly tell them the answer is yes.  It may be taxable in 2009 or 2010 depending on what type of crop insurance it is and other matters. In general, if […]

More

Take Advantage of a Weather Rally

By: | Trackback URL | No Comments

October 9th, 2009

We had a good weather rally back in the spring when it was apparent that the come would be planted lack due to the rain in Illinois and other areas.  It appears that we might be having a weather rally due to the frost coming this weekend. I would highly suggest that you review your […]

More

Some Fun Facts About Farming

By: | Trackback URL | 1 Comment

October 8th, 2009

The Agricultural Statistics Board of the United States Department of Agriculture publishes many reports during the year.  I find it interesting to review these on a periodic basis (my wife does not seem to think this is much fun).  Some of the fun facts that I recently spotted were: Texas is about four times larger […]

More

Four Key Steps to Expand Your Operation

By: | Trackback URL | No Comments

October 7th, 2009

Top Producer Magazine / Website is a great resource for farmers that are trying to be the “Top Producer”.  I recently came across a short article from their editor, Greg Vincent, about expanding a farm.  He interviewed former Farm Credit Services of America (FCSA) financial officer turned financial consultant, Roger Schlitter.  I thought it had […]

More

Minnesota Median Farm Income Down 15% in 2008

By: | Trackback URL | No Comments

October 5th, 2009

The University of Minnesota has a Center for Farm Financial Management that performs an survey of farms in Minnesota.  In August, they issued their report for 2008.  Some of the key findings are as follows: Median net farm income was $90,039 which was down from $105,489 in 2007.  This represents an approximate 14.6% decrease.  Median net […]

More

Pay Your Kids – It Pays at Tax Time

By: | Trackback URL | 1 Comment

October 2nd, 2009

I remember working on our wheat and pea farm for my parents when I was in high school.  During spring, I would help plant the peas.  During harvest, I drove the combine for about 3 to 4 weeks depending on the yields, weather and how much custom cutting we did.  In the fall, I would […]

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

    Just saw a bighorn sheep eating grass in the bank next to the freeway. Less than 30' from my car. 1 day ago

    After 82 days in a rental car my wife has talked me into a cruise. We leave Thursday for Miami. Can't wait 3 days ago

    Will final ear weights set a new record. If so final corn yield will be going higher (unless we get an early hard freeze) 6 days ago

    Getting Train the Trainer info on the new Dairy Margin Protection program today in Denver. Learning a lot so far 7 days ago

    Has the chatter on an early freeze disappeared or is it just dormant 1 week ago

    Ag Economy; Policy Issues; and, Political Notes: farmpolicy.com/2014/09/05/ag-… 1 week ago

    Nothing prettier in August than to see rain water on the ground. At least the crops like it 3 weeks ago

    If tenants have compensated landlords fully for cash rents over the last few years, it will be much easier to get them to accept lower rents 3 weeks ago

    Is this Russia / Ukraine a case of buy the rumor / sell the news 3 weeks ago

    Nice rain and warmer temps yesterday should make good growing conditions 3 weeks ago