April, 2011

If the Bubble Busts, How Long to Recover

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April 28th, 2011

There has been a lot of talk lately in the press about whether farm land prices are entering a bubble phase similar to farm land in the early 1980′s or tech stocks in the late 1990′s. I decided to take a look at farm land prices for good Iowa farmland from 1950 to 2010 and […]

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Don’t Taint Your Farm Building

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April 27th, 2011

We had a reader ask the following question: “Does a construction company putting up a building get the same 100% bonus depreciation for 2011 like is on Ag buildings” The quick answer to this is “no”.  A construction related building is not considered to be 20 year property and therefore is normally depreciated over 39 […]

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It’s Total Farm Compensation – Not Wages – That Counts

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April 25th, 2011

I think that every farm operation should have an employment contract with each of their farm employees including all family members employed in the farm operation.  As part of this document, there should be an exhibit that outlines the total compensation package to each employee.  Most farm operations offer much more than a wage such […]

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Deduct Your Tiling This Year

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April 11th, 2011

We got the following question from one of our readers: “IF A TENANT TILES OUT LEASED FARMLAND CAN THE TENANT DEDUCT THE COST OF THE DRAINAGE TILE AND LABOR DURING THAT TAX YEAR ON SCHEDULE F?” 2011 provides a great opportunity for either an operating farmer or landlord to put in new tile and deduct […]

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Goodbye Pesky New 1099 Reporting

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April 6th, 2011

As we have posted here several times, last year, a new law was put into place that required reporting of all transactions over $600 to any vendor in a year.  This included paying gas to the local coop, buying your fertilizer, etc. Yesterday, the Senate passed a bill which President Obama is expected to sign […]

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    Corn does well in Washington state. 55 at night 95 during the day plus irrigation 17 hours 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. 1 day ago

    2 years ago corn + beans + wheat was almost $40. Now it is under $20. 1 day ago

    Great time with @MRRChip today on Market Rally talking about the new farm bill. 2 days ago

    Drove over 2,000 miles in last 12 days. Saw a lot of good looking corn. Beans not so much 5 days ago

    When you drive through Minnesota, South Dakota and Iowa this time of year you see a lot of corn and beans and not much else 2 weeks ago

    Possible another reason for high US corn yield estimates is acres switched to beans were lower yield corn acres 2 weeks ago

    Don't understand why nobody claims the USDA manipulates the data when the report is bullish 2 weeks ago

    USDA pegged lower corn production but if yields trends continue this will quickly change to production increase. 2 weeks ago

    The soybean YO-YO is well underway 2 weeks ago