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    June 12th, 2015


    Verify AGI Now

    Producers who will receive some type of program payment for the 2014 crop year (ARC or PLC) will need to verify their Adjusted Gross Income (AGI) with FSA before they will be eligible for a payment.  Even though the payment will not be received until after October 1, 2015, the verification of income is based […]

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    June 11th, 2015


    Being a Tourist

    Today is the first day of the farm income and estate tax planning seminar in Findley Lake, New York.  I have posted on these set of seminars before, but today’s post will be on my wife, Patty and I being tourists yesterday at Niagara Falls. My wife and I had never been to this part […]

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    June 8th, 2015


    Good and Bad News on Land Values

    Dr. Michael Swanson, the chief Ag economist for Wells Fargo bank had a very good post on their blog regarding land values. Over the last 22 years in Minnesota, cash rent in corn production averaged about 24% of total revenues (including government and crop insurance payments) and cash rent in soybean production averaged about 32%.  “Whether […]

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    June 5th, 2015


    Washington State Fruit Grower Hit With $2.25 Million Immigration Fine

    Broetje Orchards in Washington State has agreed to pay a $2.25 million fine for employing illegal immigrants, which is one of the largest fines ever levied an agricultural entity.  The case has spanned over four years and the penalty  levied was for employing almost 950 people who weren’t authorized to work in the U.S. according […]

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    June 4th, 2015


    Where Are Land Rents Headed?

    I am at the University of Missouri Emerging Issues in Agricultural Lending today.  I have two speaking sessions, but at the second session this morning, Jim Farrell, President and CEO of Farmers National Company gave a presentation on the trends in land and cash rents. The bull market in farm land started in the fall […]

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    June 3rd, 2015


    EPA and Corps Final Clean Water Rule’s Potential Impacts on Farming

    The EPA and Army Corps of Engineers recently published a final rule to clarity the definition of “waters of the United States” under the Clean Water Act (CWA). Why is this important for farming?  There are rules within this act that require an EPA permit for all discharges of pollutants to “waters of the United […]

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    June 1st, 2015


    FSA Has Updated Listing of Irrigated/Non-Irrigated Counties

    ARC-CO payments are made based upon the Olympic Average yield for each county on a covered crop-by-crop basis.  Normally, all of the production is totaled for the county and then divided by planted acres to arrive at the actual yield for that county. However, if enough of the production in that county for that covered […]

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    May 28th, 2015


    USDA Announces New “Conservation Client Gateway”

    One of the things most dreaded by almost everyone is the trip to the local DMV to get their driver’s license.  You walk in the door grab #72 and realize that the current number is #48 and you have a long wait ahead of you. For most farmers, the trip to their local FSA office […]

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    May 28th, 2015


    Open Year Tax Disclosure Footnotes No Longer Needed

    Many of our farm operations prepare financial statements with footnotes.  These are usually needed for their bank loans, but in many cases, the farm operation is large enough that they would like to provide good financial information to both their lenders and their owners (even if they are all family members). One of the requirements […]

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    May 28th, 2015


    Another Reason to Not Get an IRS Tax Refund

    As was widely reported over the last few days, the IRS had over 100,000 taxpayers information get “hacked”.  I have had several clients get their identity stolen for income tax purposes over the last couple of years.  This is a very painful process for both the taxpayer and myself as the preparer.  Usually the taxpayer […]

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