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Search results for 'Ag Issues in Washington'

  • Impact of Final Opportunity Zone Regulations on Farmers & Agribusinesses

    By Tyler Davis

    Published Jan 8

    Overall, these final regulations did a great job of answering most of the open farming & agribusiness questions proposed by tax practitioners... However, these proposed regulations failed to address many of the concerns expressed by tax practitioners related to the implications of the Opportunity Zone program for agriculture businesses or farmers... While this conclusion is clear from a traditional commercial real estate perspective, farmers and agribusinesses expressed concern about how to qualify from an agricultural land perspective... So, uncertainty existed around what land investments and land improvements would qualify for the Opportunity Zone program in the agriculture industry... Farmers and agribusiness entities that sell assets used in a trade or business for a capital gain no longer have to wait until the end of the tax year to invest their capital gains into an opportunity zone project...

    Categories: Ag Issues in Washington, Agribusiness

    Key Agriculture Tax Planning Strategies for Year End 2019 – Part 1

    By Tyler Davis

    Published Nov 1, 2019

    This is the first of a two-part series focusing on tax savings, planning opportunities, and other tax considerations for farmers and agriculture businesses for year-end 2019. Part I focuses on when a farming taxpayer has higher than expected earnings in 2019 while Part II, which was published on AgFuse... One of the major tax planning opportunities for farmers is the ability to make an income averaging election, which is discussed in detail in The Top 10 Accounting & Tax Benefits for Farmers & Farming Businesses. As discussed in this article, Certain qualifying farming businesses can elect to be taxed on an average tax rate of their running three years of income... For further details, please see this IRS chart2019 IRA Deduction Limits - Effect of Modified AGI on Deduction if You Are Covered by a Retirement Plan at Work | Internal Revenue Service2017 IRA Deduction Limits - Effect of Modified AGI on Deduction if You Are Covered by a Retirement Plan at WorkOne final tax planning opportunity relating to capital gains triggered in 2019 is to put those capital gains in a Qualified Opportunity Zone Fund...

    Categories: Ag Issues in Washington, Agribusiness

    Tax Agriculture Tax Planning Strategies for Year End 2019 – Part 2

    By Tyler Davis

    Published Dec 5, 2019

    This is the second of a two-part series focusing on tax savings, planning opportunities, and other tax considerations for year-end 2019. Part I, published on AgFuse in November of 2019, focused on planning opportunities for farmers with higher than expected earnings in 2019 while Part II focuses on tax planning opportunities for farmers with lower than expected current year performance... One of the major goals in this scenario is to avoid a tax loss for the year because the new loss rules in effect for farmers are much different than they were before the passage of the Tax Cuts and Jobs Act of 2017... Tyler Davis is a CPA who works for SVN Saunders Ralston Dantzler real estate as an asset manager and advisor. SVN Saunders Ralston Dantzler was founded by Dean Saunders in 1996 and is a leading agricultural land brokerage based in Lakeland, FL...

    Categories: Ag Issues in Washington, Agribusiness

    Agribusiness Global Australia, Western Australia, Cottesloe

    Business Title: Agribusiness Global Alliance
    Job Title: President
    About: Main site at www.iagribusiness.com. We are the world's 1st 100% online industry advancement group for the world's largest industry: Agribusiness, we grow you Other sites listed at www.about.me/Agribusiness
    Interests: Corn, Cotton, Peanuts, Soybeans, Wheat, Specialty/Vegetable, Rice, Canola, Grain Sorghum, Beef Cattle, Dairy, Poultry, Hogs, Specialty, Cover Crops, Ag Issues in Washington, Precision Ag, Organic, Irrigation, Timber Production, Marketing, Agribusiness, All Others

    Agribusiness Insurance Advisors

    Public
    We are an insurance agency dedicated to providing competitive insurance and risk transfer solutions that protect farms, families and agribusiness companies that we serve.
    Interest: Corn, Cotton, Peanuts, Soybeans, Wheat, Specialty/Vegetable, Grain Sorghum, Beef Cattle, Dairy, Poultry, Marketing, Agribusiness, Ag Issues in Washington, Cover Crops, Irrigation, Organic, Precision Ag, Timber Production, Canola, Rice, Hogs

    Agribusiness Global

    Public
    For people keen on improving the world\'s largest industry: #Agribusiness (#Food #Fiber #Biofuels) We grow you. Tweets, follows, links, likes, RTs ? endorsement
    Interest: Corn, Cotton, Peanuts, Soybeans, Wheat, Specialty/Vegetable, Rice, Canola, Grain Sorghum, Beef Cattle, Dairy, Poultry, Hogs, Specialty, Cover Crops, Ag Issues in Washington, Precision Ag, Organic, Irrigation, Timber Production, Marketing, Agribusiness

    Farm Finance and Management

    Public
    Here’s a group to discuss all of the finance and management decisions that need to be made when operating a farm.
    Interest: Corn, Cotton, Peanuts, Soybeans, Wheat, Specialty/Vegetable, Rice, Canola, Grain Sorghum, Beef Cattle, Dairy, Poultry, Hogs, Specialty, Cover Crops, Ag Issues in Washington, Precision Ag, Irrigation, Timber Production, Marketing, Agribusiness

    AgFuse Administrator United States, SC, Blenheim

    Business Title: AgFuse LLC
    Job Title: Adminstrator
    About: AgFuse is a social media network created specifically to connect farmers and agriculture professionals throughout the world.
    Interests: Corn, Cotton, Peanuts, Soybeans, Wheat, Specialty/Vegetable, Rice, Canola, Grain Sorghum, Beef Cattle, Dairy, Poultry, Hogs, Specialty, Cover Crops, Ag Issues in Washington, Precision Ag, Organic, Irrigation, Timber Production, Marketing, Agribusiness

  • Agribusiness Global Australia, Western Australia, Cottesloe

    Business Title: Agribusiness Global Alliance
    Job Title: President
    About: Main site at www.iagribusiness.com. We are the world's 1st 100% online industry advancement group for the world's largest industry: Agribusiness, we grow you Other sites listed at www.about.me/Agribusiness
    Interests: Corn, Cotton, Peanuts, Soybeans, Wheat, Specialty/Vegetable, Rice, Canola, Grain Sorghum, Beef Cattle, Dairy, Poultry, Hogs, Specialty, Cover Crops, Ag Issues in Washington, Precision Ag, Organic, Irrigation, Timber Production, Marketing, Agribusiness, All Others

    AgFuse Administrator United States, SC, Blenheim

    Business Title: AgFuse LLC
    Job Title: Adminstrator
    About: AgFuse is a social media network created specifically to connect farmers and agriculture professionals throughout the world.
    Interests: Corn, Cotton, Peanuts, Soybeans, Wheat, Specialty/Vegetable, Rice, Canola, Grain Sorghum, Beef Cattle, Dairy, Poultry, Hogs, Specialty, Cover Crops, Ag Issues in Washington, Precision Ag, Organic, Irrigation, Timber Production, Marketing, Agribusiness

    Kevin Sparenberg United States, IN, Crown Point

    Business Title: Sparenberg Services
    Job Title: Owner
    About: Retired but still active with instructional design projects.
    Interests: Corn, Cotton, Peanuts, Soybeans, Wheat, Specialty/Vegetable, Rice, Canola, Grain Sorghum, Beef Cattle, Dairy, Poultry, Hogs, Specialty, Cover Crops, Ag Issues in Washington, Precision Ag, Organic, Marketing, Agribusiness

    Linda Batch United States, KY, Access

    Job Title: Model
    About: Humble, Gentle, Caring and Understanding with an everblazing smile. I love to take a walk in the evenings and explore nature to its fullest. I am a respecter of all persons regardless of status and age. I believe in the 'live and let live' theory and i love being down to earth. I have been single for five years now and i thought it was time to move on with someone i could call a soulmate.
    Interests: Corn, Cotton, Peanuts, Soybeans, Wheat, Specialty/Vegetable, Rice, Canola, Grain Sorghum, Beef Cattle, Dairy, Poultry, Hogs, Specialty, Cover Crops, Ag Issues in Washington, Precision Ag, Organic, Irrigation, Timber Production, Marketing, Agribusiness

    Elli Banini Ghana, Greater Accra Region, Accra

    Business Title: Banini Farms
    Job Title: CEO
    Interests: Corn, Peanuts, Soybeans, Wheat, Specialty/Vegetable, Rice, Canola, Grain Sorghum, Beef Cattle, Dairy, Hogs, Specialty, Cover Crops, Ag Issues in Washington, Precision Ag, Organic, Irrigation, Marketing, Agribusiness

  • Agribusiness Insurance Advisors

    Public
    We are an insurance agency dedicated to providing competitive insurance and risk transfer solutions that protect farms, families and agribusiness companies that we serve.
    Interest: Corn, Cotton, Peanuts, Soybeans, Wheat, Specialty/Vegetable, Grain Sorghum, Beef Cattle, Dairy, Poultry, Marketing, Agribusiness, Ag Issues in Washington, Cover Crops, Irrigation, Organic, Precision Ag, Timber Production, Canola, Rice, Hogs

    Agribusiness Global

    Public
    For people keen on improving the world\'s largest industry: #Agribusiness (#Food #Fiber #Biofuels) We grow you. Tweets, follows, links, likes, RTs ? endorsement
    Interest: Corn, Cotton, Peanuts, Soybeans, Wheat, Specialty/Vegetable, Rice, Canola, Grain Sorghum, Beef Cattle, Dairy, Poultry, Hogs, Specialty, Cover Crops, Ag Issues in Washington, Precision Ag, Organic, Irrigation, Timber Production, Marketing, Agribusiness

    Farm Finance and Management

    Public
    Here’s a group to discuss all of the finance and management decisions that need to be made when operating a farm.
    Interest: Corn, Cotton, Peanuts, Soybeans, Wheat, Specialty/Vegetable, Rice, Canola, Grain Sorghum, Beef Cattle, Dairy, Poultry, Hogs, Specialty, Cover Crops, Ag Issues in Washington, Precision Ag, Irrigation, Timber Production, Marketing, Agribusiness

    Ag Policy

    Public
    A group for sharing and discussing ag policy updates regarding farm bill programs, conservation programs, crop insurance and just general ag policy out of Washington.
    Interest: Ag Issues in Washington

    Nationwide Farm Insurance

    Public
    Our commitment to agriculture began in 1909, through decades of service we have earned our position as the #1 farm insurer in the country. Let our expertise help protect your future.
    Interest: Corn, Cotton, Peanuts, Soybeans, Wheat, Specialty/Vegetable, Rice, Canola, Grain Sorghum, Beef Cattle, Dairy, Poultry, Hogs, Specialty, Cover Crops, Ag Issues in Washington, Precision Ag, Organic, Irrigation, Timber Production, Agribusiness

    Ag Talk With The Ag Doc

    Public
    All things agronomy! Get the latest news, research, and interviews with leaders in the world of agriculture. Hosted by Dr. Curtis Livesay, CCA, of Dynamite Ag.
    Interest: Corn, Soybeans, Wheat, Specialty/Vegetable, Cover Crops, Ag Issues in Washington, Agribusiness

    AgFunder

    Public
    An online investment marketplace and daily news service covering the technologies and innovations shaping the agriculture markets globally.
    Interest: Cover Crops, Ag Issues in Washington, Precision Ag, Organic, Irrigation, Timber Production, Marketing, Agribusiness

    Canadian Agriculture & Equipment

    Public
    If You work in Agriculture or a business supporting it, you need to join this group. Let\'s connect and help each other out.
    Interest: Corn, Soybeans, Wheat, Specialty/Vegetable, Canola, Grain Sorghum, Beef Cattle, Dairy, Poultry, Hogs, Specialty, Cover Crops, Ag Issues in Washington, Precision Ag, Organic, Irrigation, Timber Production, Marketing, Agribusiness

  • Impact of Final Opportunity Zone Regulations on Farmers & Agribusinesses

    By Tyler Davis

    Published Jan 8

    Overall, these final regulations did a great job of answering most of the open farming & agribusiness questions proposed by tax practitioners... However, these proposed regulations failed to address many of the concerns expressed by tax practitioners related to the implications of the Opportunity Zone program for agriculture businesses or farmers... While this conclusion is clear from a traditional commercial real estate perspective, farmers and agribusinesses expressed concern about how to qualify from an agricultural land perspective... So, uncertainty existed around what land investments and land improvements would qualify for the Opportunity Zone program in the agriculture industry... Farmers and agribusiness entities that sell assets used in a trade or business for a capital gain no longer have to wait until the end of the tax year to invest their capital gains into an opportunity zone project...

    Categories: Ag Issues in Washington, Agribusiness

    Key Agriculture Tax Planning Strategies for Year End 2019 – Part 1

    By Tyler Davis

    Published Nov 1, 2019

    This is the first of a two-part series focusing on tax savings, planning opportunities, and other tax considerations for farmers and agriculture businesses for year-end 2019. Part I focuses on when a farming taxpayer has higher than expected earnings in 2019 while Part II, which was published on AgFuse... One of the major tax planning opportunities for farmers is the ability to make an income averaging election, which is discussed in detail in The Top 10 Accounting & Tax Benefits for Farmers & Farming Businesses. As discussed in this article, Certain qualifying farming businesses can elect to be taxed on an average tax rate of their running three years of income... For further details, please see this IRS chart2019 IRA Deduction Limits - Effect of Modified AGI on Deduction if You Are Covered by a Retirement Plan at Work | Internal Revenue Service2017 IRA Deduction Limits - Effect of Modified AGI on Deduction if You Are Covered by a Retirement Plan at WorkOne final tax planning opportunity relating to capital gains triggered in 2019 is to put those capital gains in a Qualified Opportunity Zone Fund...

    Categories: Ag Issues in Washington, Agribusiness

    Tax Agriculture Tax Planning Strategies for Year End 2019 – Part 2

    By Tyler Davis

    Published Dec 5, 2019

    This is the second of a two-part series focusing on tax savings, planning opportunities, and other tax considerations for year-end 2019. Part I, published on AgFuse in November of 2019, focused on planning opportunities for farmers with higher than expected earnings in 2019 while Part II focuses on tax planning opportunities for farmers with lower than expected current year performance... One of the major goals in this scenario is to avoid a tax loss for the year because the new loss rules in effect for farmers are much different than they were before the passage of the Tax Cuts and Jobs Act of 2017... Tyler Davis is a CPA who works for SVN Saunders Ralston Dantzler real estate as an asset manager and advisor. SVN Saunders Ralston Dantzler was founded by Dean Saunders in 1996 and is a leading agricultural land brokerage based in Lakeland, FL...

    Categories: Ag Issues in Washington, Agribusiness

    1031 Exchanges and Farm Land: 5 Things that Landowners Need to Know

    By Tyler Davis

    Published Aug 2, 2019

    A 1031 Exchange is a tax-deferred swap program in which farmers and others in the agriculture industry can participate. Farmland, vacant land, and certain agriculture assets are considered real estate assets under the Internal Revenue Code... While there has been extensive guidance and content on 1031 Exchanges in the context of residential, retail, office, and industrial properties, there is a lack of content on how 1031 exchanges apply to the agriculture industry. I have identified five items that all farmers and agriculture business owners should know, as follows:#1 – You’re allowed to do a 1031 Exchange on your Farmland Should you wish to sell your existing farm land and buy like kind property, this exchange should qualify for tax deferred treatment, meaning you don’t have to pay the tax currently... #2 – The Tax Cuts & Jobs Act of 2017 changed the rules for Farmers The Tax Cuts & Jobs Act of 2017 (Tax Reform) brought huge changes to the tax structure in the United States and the agriculture industry was not exempt...

    Categories: Ag Issues in Washington, Agribusiness

    Top 10 Accounting & Tax Benefits for Farmers & Farming Businesses

    By Tyler Davis

    Published Sep 11, 2019

    Farmers and Agribusiness Companies are granted certain tax breaks and industry-specific deductions from the IRS... Farms with less than $25 Million of Average Gross Receipts can use the Cash Basis of AccountingCompanies, including farms, with less than $25 million in average annual gross receipts for the past three years, can elect to use either the cash or accrual method of accounting... Farmers with under $25m in average gross receipts are allowed to use the cash method, which allows them to record crop sales in the year the cash is received and to record expenses when the payments are actually made... Unit-Livestock-Price MethodFarmers who use this method for valuing livestock must group livestock together by their type and age. Then, the taxpayer must apply a standard price for each type or group of animals/age...

    Categories: Ag Issues in Washington, Agribusiness

    The Opportunity in Opportunity Zones

    By Benjamin Pezzillo

    Published Feb 28, 2019

    By now you have probably heard about Qualified Opportunity Zones. But did you know QOZs are not limited to the urban core?QOZs were chosen by local and state officials out of each individual state's Low Income Census Tracts. Each state's lists was submitted to the federal government for review and approval. California's approved list was released in Q2 2018. So what are the benefits of investing capital gains in property in a QOZ?-- Deferral of Capital Gains Tax owed-- Elimination of Capital Gains Tax liability on future Capital Gains from the investment in a QOZSo what's the catch?-- The subject property must be located within a Qualified Opportunity Zone (QOZ)-- Ownership of the property must transfer to a special purpose vehicle called a Qualified Opportunity Zone Fund-- The original property owner may be limited in the equity they can hold in the QOZ project-- To maintain QOZ status, the project must make substantial improvements to the property within 30 months of acquisition by the QOZ Fund-- Substantial improvements must be equal to or greater than the cost basis for the subject property-- For maximum Capital Gains Tax shelter, the QOZ Project must operate for 10 years and one dayGot questions or want to know if your property is located in a QOZ? I am happy to chat...

    Categories: Ag Issues in Washington, Agribusiness

    Ag Health and Safety Alliance

    By David Sullivan Ag Safety

    Published May 3, 2019

    We are an international nonprofit organization, registered in the US and Canada, that focuses on health and safety for the next generation of agriculture We collect this data via a survey completed by students. With our international standardized survey we can now compare students from US, Canada, Australia, Denmark and Sweden. Doing our part to help protect the most noble industry on this planet. ...

    Categories: Ag Issues in Washington, Agribusiness

    The Tax Benefits of Conservation Easements

    By Tyler Davis

    Published Oct 6, 2019

    Conservation easements have grown in popularity in recent years, partly due to the impactful tax benefits available to the donor... Certain agricultural workers can take up to 100% of their income as a charitable contribution in a given year (the same carryforward rules apply should the amount of the total conservation easement charitable contribution deduction exceed 100% their taxable income)... Therefore, in order to mitigate the effect of the decreased property value and to encourage landowners to consider this program, the IRS increased the amount of tax benefits associated with the conservation easement initiative in 2015... Internal Revenue Code (IRC) Section 2031(c) allows taxpayers to exclude a percentage of the value of land subject to a conservation easement from the taxpayer’s taxable estate at death (the basic rule is forty percent (40%) but could be slightly modified depending on the fact pattern of the taxpayer... SVN Saunders Ralston Dantzler is leading agricultural land and commercial brokerage and development based in Lakeland, FL...

    Categories: Ag Issues in Washington, Agribusiness

    Blockchain Technology: A Lifeline to Small-Scale Farmers

    By Gregory Heilers

    Published Apr 14, 2018

    Technology has been an integral part of agriculture since at least 5,000 years ago, documented through the use of ploughs in ancient Sumeria... Still, some in the industry are unsure of the latest development to disrupt agriculture... The result? Walmart’s VP of food safety, Frank Yiannis, stated the company was “encouraged” by the potential for reducing the timeline of investigations into food-borne illness from weeks to seconds... If blockchain technology can help farmers and food producers from the developing world, as well as multi-national mega-corporations, why not streamline and accelerate the distribution of your products?What is the blockchain, and how are these applications disrupting agriculture?In a nutshell, blockchain technology is creating new economic opportunities through decentralization, while enhancing security. To better understand the blockchain, and its potential impact on the agricultural industry, I sat down with Edwin Luk (Twitter: @EdwinLuk8175), a partner at Sysconverge and advisor to the Blockchain Advisory Council...

    Citizens Weekly Newsletter February 22, 2019

    By Angie Setzer

    Published Feb 22, 2019

    · Headlines Thursday claimed China is willing to purchase another $30 billion worth of US agricultural products. This would be a huge development as reports indicate the purchases would be in addition to the estimated $20 billion in pre-trade war imports, taking the total US agricultural import figure to $50 billion... Obviously, anything less than an agreement or an extension indicating an agreement is close could weigh heavily on the market... We are seeing some point to slower than expected corn sales as a negative factor, though shipments still remain above what is needed to make USDA expectations and this year’s export pace has been a little against trend with many of the sales made much earlier than normal due to limited global supply availability the last half of the year... · The USDA also released its Ag Outlook Forum figures this week...

    Categories: Agribusiness

  • Posted By Ag Policy
    Jan 16

    https://www.agriculture.com/markets/newswire/us-farmers-expected-to-get-third-tranche-of-trade-aid-despite-phase-1-deal-perdue

    Posted By Ag Policy
    Jan 10

    https://www.agriculture.com/markets/newswire/update-3-chinas-vice-premier-liu-to-sign-us-trade-deal-in-washington-next-week

    Posted By Cotton News
    4 hours ago

    https://www.cottonfarming.com/breakingnews/disaster-relief-authorized-for-producers-affected-by-extreme-drought/

    Posted By Ag Policy
    Jan 27

    https://www.farmprogress.com/regulatory/do-your-comments-really-sway-epas-decisions

    Posted By Ag Policy
    Jan 24

    https://www.agriculture.com/news/business/at-trump-s-direction-us-reduces-upstream-reach-of-clean-water-law

    Posted By Jerry Smith
    Jan 23

    https://emergence.fbn.com/profitability/phase-1-trade-deal-takeaways

    Posted By Ag Policy
    Jan 23

    https://www.agriculture.com/news/business/states-will-gain-power-over-water-in-wotus-replacement-says-trump

    Posted By Ag Policy
    Jan 21

    https://www.agriculture.com/news/business/more-trade-war-payments-coming-very-quickly-trump-tells-farmers

    Posted By Michelle Grainger
    Jan 21

    At the end of this past year, I had the honor of delivering a #TEDx Talk to an audience assembled at #SAS in Cary, NC on the importance of agriculture and farming and made the connection for those in attendance just how reliant we ALL are on farmers for they not only produce the food and fiber we need, but they help ensure our national security and economic stability.

    Last week, I learned #TED had selected my talk and posted to their site. I invite you to take a look/listen, share with others and to of course reach out to me if you'd like to discuss it further. Thank you, Michelle #FarmerStrong

    https://www.ted.com/talks/michelle_grainger_farmerstrong_an_idea_worth_seeding

    Posted By Gary Marsh
    Jan 21

    https://farmpolicynews.illinois.edu/2020/01/uncertainty-lingers-regarding-chinese-purchases-of-u-s-farm-goods/