May, 2011

Retail Coffee Prices Up 38% in One Year

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May 25th, 2011

This week, Smuckers, the makers of Folgers and Dunkin Donuts retail coffee announced an 11% increase in the cost of their coffee.  This comes on top of a 10% increase in February, a 9% increase in August of last year and a 4% increase in May of last year.  If you apply all of the increases […]

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Don’t Be A Hobby Farm

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May 23rd, 2011

Many of our readers will ask us questions about starting a farm, however, when discussing it with them, many of them are talking about a hobby farm and not a real farm.  For tax purposes, a hobby farm has some very unfavorable consequences to the farmer.  Net income is always reported, however, a net loss […]

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Are High Wheat Prices Contributing to Mideast Turmoil?

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May 20th, 2011

The Thursday edition of the Wall Street Journal had a front page article on how the rapid increase in wheat prices is contributing to the turmoil in the Mideast.  Most of the Mideast countries consume a much higher percentage of wheat in their diet than any other countries in the world.  For example, Americans consume […]

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Components May Qualify for 100% Bonus Depreciation

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May 18th, 2011

In a post a couple of days ago, I indicated that a new Ag building placed in service after September 8, 2010 but where the construction started before that date would not qualify for 100% bonus depreciation, but would qualify for 50% bonus depreciation. There is one exception to this rule that may help farmers […]

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Are You Ready For The Whipsaw?

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May 17th, 2011

With the turmoil in the world commodity markets and the concern about the flooding and weather conditions in the US, farmers can expect that their commodity prices are going to whipsaw up and down very rapidly over the next several months.  A key to not getting personally whipsawed is to have a written plan in […]

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Watch Your Date of New Construction

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May 12th, 2011

The tax law passes late last year had a very favorable tax treatment for the construction of new farm buildings.  In that law for any new farm buildings placed in service after September 8, 2010 and before January 1, 2012, a farmer would be able to write off 100% of this new construction cost in […]

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Motorcycle Ride to LA

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May 3rd, 2011

Just a personal note to let you know that a friend and I are riding our motorcycles to Los Angeles from Yakima for my second’s son college education.  Two down and two to go. I will be gone from today until next Tuesday and may not do any postings between now and then. Paul NeifferPaul […]

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If Grain Markets Are Topping, Start Locking In Profits

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May 2nd, 2011

During 2008, grain markets were almost as high as they are now, however, many farmers were not able to take advantage of these prices either through already having their crop sold or through inaction by the farmers. I don’t know how many times I have heard a farmer in my office or out in the […]

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  • Twitter Feed

    Traveling to Billings for Farm Financial Standards Council annual meeting 8 hours ago

    Congrats to # 24. The Chase is in for #5 1 day 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 2 days ago

    Debt as percentage of farm assets will go up as farmland and equipment values go down. Where will it stop? 2 days ago

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

    3 days ago

    Corn does well in Washington state. 55 at night 95 during the day plus irrigation 4 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. 5 days ago

    2 years ago corn + beans + wheat was almost $40. Now it is under $20. 5 days ago

    Great time with @MRRChip today on Market Rally talking about the new farm bill. 6 days ago

    Drove over 2,000 miles in last 12 days. Saw a lot of good looking corn. Beans not so much 1 week ago