Ag Policy
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More Green Book Updates
We provide more details on the Administration Green Book detailing income tax increases and other changes.
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The Trend in IRS AFRs
The trend in interest rates is up and the IRS AFRs reflect this trend. We go over some of the details.
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2021 Inflation Analysis
Inflation in 2021 has not been this high since the early 1980s. We review the numbers. You may want to lock in low interest rates now.
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Are You Ready to Report Your LLC (or any other entity) to Uncle Sam?
You will soon need to report all of your entities to the government. We provide the details.
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How Much is My Spousal Benefit?
Spousal security benefits are available for many farm couples. Many assume it will make the spouse benefit equal to 50% of their own higher benefit, but that only applies if they start collecting at full retirement age.
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A Podcast with Former U.S. Rep Collin Peterson
Collin Peterson, former chair of the House Ag Committee does a podcast with me. We review current tax proposals and discuss his career.
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The Farm CPA Podcast
The Farm CPA Podcast is now finally available on the Apple Podcast network. There are 9 episodes on there and we add one at least every week.
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Ag Insights Interview with Bill Northey
We did an interview with Bill Northey, the Undersecretary of Farm Production and Conservation under the Trump Administration. Several pertinent topics were discussed.
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The Bottom Line on 2021 ARC/PLC Decision
The 2021 ARC/PLC decision must be made by March 15. It is likely that no payments will be made for corn or soybeans and other crops may lean toward PLC.
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$900K Can Mean $1.8M
Most Farm Service Agency (FSA) programs have a payment limit and an Adjusted Gross Income (AGI) limit. The general AGI limit for almost all farm programs is $900,000. If the farm is an entity (corporation, LLC, LP, LLP, LLLP, etc.). then the limit is applied first at the entity level and then it drops down […]