Farm Operations

APH Yield Exclusion to be Available on Certain 2015 Spring Crops

By: | Trackback URL | No Comments

October 21st, 2014

The RMA announced today that the APH yield exclusion will be available for most 2015 spring crops.  The APH yield exclusion allows farmers to exclude their own yields anytime the county or contiguous counties have a current yield that is less than 50% of the 10 year county yield.  For example, assume a Texas wheat farmer farms […]

More

Base Reallocation Q & A

By: | Trackback URL | No Comments

October 19th, 2014

We have gotten numerous questions regarding the base reallocation election available to owners and we are summarizing these in a Q & A format: Q. Can I increase my base acres? A. No. You cannot increase or decrease your base acres.  Those total acres are set; however, you are allowed to reallocate those acres from […]

More

Join Andy Biebl, Lance Woodbury and Myself

By: | Trackback URL | No Comments

October 15th, 2014

DTN/Progressive Farmer puts on an Ag Summit in Chicago every year in December.  This year on Sunday December 7 from 1 pm to 5 pm, Andy Biebl, Lance Woodbury and myself will be doing a joint presentation on Farm Retirement and Transition Planning.   Some of the key topics that Andy and I will be presenting […]

More

Complacency about Fraud Exacts a Heavy Cost

By: | Trackback URL | No Comments

October 14th, 2014

The Association of Certified Fraud Examiners (ACFE) has produced a new infographic, “The Cost of Complacency”, warning about the costs to organizations of being overly complacent about financial fraud. The data was compiled by the ACFE for its 2014 Report to the Nations on Occupational Fraud and Abuse. Here are a few highlights from the […]

More

Taxable is Taxable -Whether a 1099 or not!

By: | Trackback URL | No Comments

October 6th, 2014

I got this question from one of our readers: “Are rebate checks that are received through a growers rewards program from Seed Company for the purchase of seeds taxable as income? I do believe it is but the wholesaler is saying it isn’t because you don’t get a 1099! ” I tend to get several […]

More

Operating Farm Loan Volume Up in 2nd Quarter

By: | Trackback URL | No Comments

October 1st, 2014

The Chicago Federal Reserve issues a quarterly Ag Letter that recaps the major financial changes occurring in the states that it serves.  The states comprise the 2 largest corn states (Iowa and Illinois) plus Indiana, Michigan and Wisconsin.  Here are some of the major themes from their latest letter: Farmland values for the second quarter […]

More

Key Dates for Farm Programs

By: | Trackback URL | No Comments

September 30th, 2014

The FSA has posted on their website the updated key dates for ARC and PLC sign up as follows: The reallocation of base acres and updating of payment yields (for PLC) started yesterday (September 29, 2014) and will extend until February 27, 2015.  Although the option to update payment yields is strictly for PLC election, […]

More

Another Strike Against PLC

By: | Trackback URL | No Comments

September 19th, 2014

One of the arguments for using PLC instead of ARC is that PLC has unlimited payments (until you hit the overall payment limit of $125,000 per individual).  However, one of the drawbacks to using PLC is your payment yield will not likely reflect your actual yields for 2014-2018.  The payment yield for PLC purposes is […]

More

Have Funds to Cover Your Check

By: | Trackback URL | No Comments

September 12th, 2014

The US Tax Court released a case yesterday that Joe Kristan from the Tax Update Blog did a great job of recapping so I will not go into too much detail since he covers the facts. However, the key point from this case is as follows: If you issue a bonus check at year-end that the […]

More

How Do We Plan For Section 179 in 2014

By: | Trackback URL | No Comments

September 11th, 2014

We have done several posts this year on what Section 179 might be for 2014.  Currently, Section 179 is limited to $25,000 and it starts to phase-out once the farmer spends $200,000 on farm equipment and is eliminated once the farmer goes over $225,000.  For 2014, there is no bonus depreciation, whereas last year farmers […]

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

    Netflix down $110 in after hours trading. Sign of momentum stocks going flat? 6 days ago

    Getting ready to go to LA to defend my son and I APU Alumni golf tournament victory last year. I may have to carry him again 6 days ago

    Everybody worried about bubble in land market. They should worry about stock market bubble 6 days ago

    77 degrees on October 8. Perfect. 2 weeks ago

    Somehow IRS listed several counties in Iowa as drought stricken. Hard to believe after all the rain this year 3 weeks ago

    Just saw a bighorn sheep eating grass in the bank next to the freeway. Less than 30' from my car. 1 month ago

    After 82 days in a rental car my wife has talked me into a cruise. We leave Thursday for Miami. Can't wait 1 month ago

    Will final ear weights set a new record. If so final corn yield will be going higher (unless we get an early hard freeze) 1 month ago

    Getting Train the Trainer info on the new Dairy Margin Protection program today in Denver. Learning a lot so far 1 month ago

    Has the chatter on an early freeze disappeared or is it just dormant 1 month ago