-
Let’s Not Forget Wheat, Barley and Sorghum!
Earlier this week we had posted reports on various estimated ARC-CO payments assuming various MYA prices for Corn and Soybeans. In this post, we are releasing reports for ARC-CO for wheat, barley and sorghum for all of the NASS counties. Again, make sure to understand that these are simply calculations assuming NASS yields will equal final FSA […]
-
NASS Yields To FSA Yields
We had someone note that the yields per NASS do not tie out to the final yields per FSA. I had taken a look at this a while back and noted that corn yields were usually within a bushel or two, but decided to review previous year’s corn yields and see how much of a […]
-
Soybean Estimated ARC-CO Payments
Yesterday, we released a report on the estimated corn ARC-CO net payments per acre based upon a corn MYA price ranging from $3.50 to $4.00. Today, we are releasing the estimated soybean ARC-CO net payments based upon soybean MYA prices ranging from $9.25 to $10.50 in 25 cent increments. I was surprised how many counties […]
-
Estimate of 2014 Corn ARC-CO Payments for $3.50-$4.00 Corn
As in our previous post, I spent a lot of my day on Friday taking NASS data released last week and coming up with my estimates of corn ARC-CO payments for the 2014 crop year. Several readers have already asked me for data on their county and since I finally made it home from Iowa […]
-
Perhaps 800,000 or More Form 1095-A Are Wrong
If you obtained health insurance through the federal or state exchanges, you may receive an email and phone call from the exchange in the next few days. There was a widespread error on Form 1095-A where the costs of the second-highest silver level plan premiums may have been prepared incorrectly. The errors on these forms […]
-
NASS County Data Is Out
NASS just released data yesterday on corn and soybean (along with some other crops) yields by county for 2014. NASS presents yield per harvested acre in their report, however, yield per planted acre is the requirement for ARC-CO payment calculations. Therefore, you cannot simply take the yield listed per NASS and use that in your calculations. In […]
-
Here We Go Again
Yet again, we have additional guidance on health insurance arrangements where employers reimburse employees for individual health insurance policies or pay individual policy premiums directly. These types of arrangements, called employer payment plans, are disallowed by the ACA and are subject to steep excise taxes. In Notice 2015-17, the IRS made some transitional relief available […]
-
You Don’t Need to File Those Form 3115s After All
The IRS had issued new Regulations more than a year ago dealing with repairs, materials and supplies and related capitalization of asset purchases. In my opinion the new Regulations were actually fairly taxpayer friendly, however, there was much discussion by many firms that all taxpayers would be required to file a Form 3115 (a form […]
-
Join US For AICPA Ag Conference in July
The final agenda for the 2015 AICPA Ag Conference is just about complete and I think it will be as good or possibly even better than the 2014 Ag Conference held in Austin, Texas last May. There will be good mix of presentations. There will not be just one focus on tax, accounting or producers, […]
-
Will FAV Favor ARC-IC
For farmers who grow vegetables (sweet corn, sugar beets, green peas, etc.), a reduction in their base acres for payments may occur each year. FAV (fruits and vegetables) requires farmers to reduce their base acres for acres planted to either fruits or vegetables. Since the new programs do not make payments on all base acres, farmers […]
