Equipment

Videos of Wheat Harvest

By: | Trackback URL | No Comments

August 12th, 2012

Just some short clips of wheat harvest near Dixie, Washington (about 12 miles east of Walla Walla, Washington) on Saturday, August 11, 2012. Short clip of harvesting wheat Short clip of grain cart coming up the hill with Dixie/Walla Walla in the background Longer clip of dumping wheat in the grain cart All of these […]

More

My Two Days on the Farm

By: | Trackback URL | No Comments

August 12th, 2012

I spent Friday afternoon and all day Saturday cutting wheat for my cousins down in Walla Walla.  I started out on Friday driving their older Case IH 2388 and then they kindly allowed me to drive a new Case IH 8230 with about 100 hours on it that they were renting.  This is a nice […]

More

IRS Announces New 2012 Mileage Rates

By: | Trackback URL | No Comments

December 14th, 2011

The IRS announced this week the new standard mileage rates for 2012.  Most of the rates remained the same as the last six months of 2011.  For regular business use, the rate is still 55.5 cents per mile (don’t ask me where they came up with the half cent).  For charitable purposes, the rate is 14 […]

More

Year-end Equipment Flexibility

By: | Trackback URL | 3 Comments

December 13th, 2011

We had a reader ask the following question: “If I purchase and take delivery of a tractor in December 2011 but do not want any of the depreciation until 2012 can I still get the section 179 and bonus depreciation in 2012?” In order to depreciate equipment such as this tractor in 2011, the farmer must both purchase […]

More

Watch Your Section 179 Deduction From Multiple Entities!

By: | Trackback URL | 1 Comment

October 11th, 2011

With the increased Section 179 deduction available in 2011 of $500,000 farmers need to be very careful if they have ownership in multiple partnerships and S corporations that will be purchasing large amounts of used equipment and deducting it under Section 179.  The partnership and S corporation have an overall $500,000 Section 179 limitation on deducting at […]

More

Hillside Combining Part 2

By: | Trackback URL | 1 Comment

August 17th, 2011

We had a reader in Washington state suggest that we try to explain how steep some of these hills are that we harvest in this area.  Unless you have been on a combine harvesting a steep hill, it is hard to explain just how steep these hills are. I know that as a child with […]

More

How Does Depreciation Recapture Work?

By: | Trackback URL | 2 Comments

June 7th, 2011

We got the following question from one of our readers: “When does depreciation recapture on equipment kick in? For example a 20 year old tractor fully depreciated sells for $30,000 cash. It cost $50,000 new. Is any of the $30,000 considered a capital gain?” This is a fairly common transaction for many farmers during their […]

More

Components May Qualify for 100% Bonus Depreciation

By: | Trackback URL | No Comments

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 […]

More

Watch Your Date of New Construction

By: | Trackback URL | 2 Comments

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 […]

More

Machinery Companies Not Doing Good

By: | Trackback URL | No Comments

November 2nd, 2009

Several of the farm equipment manufacturers that are publicly traded have recently posted their third quarter earnings.  In most cases, these earnings were down from last year’s third quarter and in some cases, the amount was down substantially. Agco’s net income was down about 90 percent.  The company blamed their earnings short fall on two […]

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

    When "bullish" corn reports lead to flat closes what is Mr. Market telling you. Be careful. 1 week ago

    2010 spring corn price was $3.99. Only four years ago. 2 weeks ago

    Two good days to lock in decent prices on corn and beans. Did you take advantage of the opportunity 3 weeks ago

    Very little change on corn intentions in key corn belt state. Almost all reductions in fringe states such as ND down 1 million acre 3 weeks ago

    North Dakota up 1 million Minnesota up 700k and Nebraska up 600k represent almost half of the 5 million increase in bean acres 3 weeks ago

    Just spoke for 45 minutes on new farm bill to a group of 100 Minnesota and Wisconsin Co-op board members. No one fell asleep. 4 weeks ago

    Hard to beat spring time in the Pacific Northwest. 4 weeks ago

    Kansas City can be windy this time of year. Just got done taping with a farm family. Check it out on #agday next Friday 1 month ago

    I think spring has sprung in our area. 1 month ago

    April hogs 116 limit up! Can they hit 120 1 month ago