December, 2009
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2009 Year End Tax Planning
With the end of 2009 less than three weeks away (where does the time fly), I thought I would post a year-end tax planning update for farmers. Most of this information applies to non-farmers also, but wanted to give you something to plan for. Again, make sure to review this with your tax advisor before […]
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Corn Harvest is Not Done
I was traveling over the last couple of days to the Mid-West. I spent part of my time driving from Kansas City to Davenport, Iowa and then from there to Hannibal, Missouri and then back to Kansas City. While on this trip, I noticed that there was still a lot of corn that was not […]
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IRS Cuts Mileage Deduction Rate for 2010
The IRS just announced the mileage rates to be used for 2010 and most of them are lower than 2009 (even though gas is higher now than last year at the same time) For regular mileage, the reimbursement rate will be 50 cents per mile which is about 9% lower than last year’s rate of […]
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Corporate Farms in Africa
In the latest issue of Business Week magazine is a very good article on the farm land rush that is occurring in Africa and other under-developed countries around the world. There are many issues surrounding these investments in third word farming enterprises. Although it may provide jobs for these people, it also is disturbing the […]
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Stable Land Prices – Maybe, but How Long
The University of Illinois had a recent October article on how land prices for Illinois had held steady from January 1, 2008 to January 1, 2009. Prices for both years were slightly more than $4,500 per acre. This contrasts with prior year increases. Between 2003 and 2008, the average price per acre grew by $2,120 or […]