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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

    Updated May 14

    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

    AgFunder

    Public
    A digitally native foodtech and agtech venture capital firm with an active media arm in AgFunderNews.com
    Interest: Cover Crops, Ag Issues in Washington, Precision Ag, Organic, Irrigation, Timber Production, Marketing, Agribusiness

    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

    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

    Updated May 14

    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

    The Best Business Entity Structure for Farms

    By Tyler Davis

    Updated Jun 20

    One of the most common questions I receive as a tax professional is “What type of business entity should I choose?” Most new business owners are overwhelmed at this decision and do not fully understand the differences between types of entities. This article will explain rules, filing requirements, and benefits of the main type of business entities: sole proprietorship, LLC, Partnership, S-Corporation, and C-Corporation. Each decision is dependent upon the facts & circumstances of the owner(s), but a thorough understanding of each business type is critical in making the correct entity decision... An S-Corporation issues stock to shareholders and has a board of directors and officers... SVN: Saunders Ralston Dantzler is a leading agricultural land brokerage based in Lakeland, FL...

    Categories: Ag Issues in Washington, Agribusiness

    Tax Planning for Farmers Considering Selling their Land or Business

    By Tyler Davis

    Published Feb 12

    The tax consequences of selling a farm or agribusiness should be at the top of the mind of every landowner... But, it will discuss many essential accounting tips, tax issues, and post-sale considerations related to the sale of a farm or agribusiness... Any remaining gain in excess of the accumulated depreciation is treated as Section 1231 property and netted against other Section 1231 gains and losses... Because the most interest is paid during the first few years of a mortgage, offering owner financing is a great way to increase the overall sales price for a seller... Tyler Davis is a CPA who works for SVN Saunders Ralston Dantzler real estate as an asset manager and advisor...

    Categories: Ag Issues in Washington, Agribusiness

    Retirement Tax Planning for Farmers

    By Tyler Davis

    Published Mar 15

    Often times, these commercial income-producing properties can be completely hands-off by hiring a property management company... Property owners of retirement age should consider the tax benefits for their heirs inheriting the property... The recent market volatility as a result of the Coronavirus disease (COVID-19) will probably encourage farmers and taxpayers considering retirement to keep working until the market improves... To encourage economic investment and stimulate growth, the federal reserve continues to cut interest rates... Farmers should consider the many tax and economic issues and consult their tax advisor as they reach retirement age...

    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

    Is Your Farm a Hobby or a Business for IRS Tax Purposes?

    By Tyler Davis

    Updated May 13

    Many taxpayers are surprised to find out that the IRS taxes hobby income... Yours might be painting, making unique juices, or growing flowers... As previously mentioned, the income from a farming hobby is reported directly on page 1 of Form 1040... The time and effort you spend on farming indicate you intend to make it profitable How many hours on average did the farmer spend on this hobby? What steps were taken to enhance profitability? Documentation of hours spent & activities performed is paramount... SVN: Saunders Ralston Dantzler is a leading agricultural land brokerage based in Lakeland, FL...

    Categories: Ag Issues in Washington, Agribusiness

    What does the $2 Trillion Federal Relief Package Mean for Agriculture?

    By Tyler Davis

    Published Mar 28

    Late in the afternoon on Friday, March 27th, the United States House of Representatives passed the $2 trillion federal relief package called Coronavirus Aid, Relief, and Economic Security Act (CARES)... However, income phase-out limits begin at $75,000 of Adjusted Gross Income (AGI) for a single filer and $150,000 AGI for a married couple filing jointly... This provision is vitally important and will help individual farmers and workers at agribusinesses and farming operations... 5 times their average monthly payroll (with a maximum loan of $10 million). The portion of these loans used on rent, payroll, mortgage, and utilities by the company in the first eight weeks will be forgiven by the Federal government...

    Categories: Ag Issues in Washington, Agribusiness

  • Posted By Ag Policy
    Apr 27

    https://www.agriculture.com/markets/newswire/us-labor-department-issues-new-guidance-for-meatpacking-workers

    Posted By Ag Policy
    Jun 9

    https://www.farmprogress.com/regulatory/epa-issues-key-order-farmers-dicamba-case

    Posted By Sam Carter
    Jun 5

    https://www.agdaily.com/news/usda-coronavirus-food-assistance-payments/

    Posted By Ag Policy
    May 27

    https://www.dtnpf.com/agriculture/web/ag/columns/washington-insider/article/2020/05/27/shape-next-coronavirus-bill

    Posted By Ag Policy
    Mar 19

    https://www.farmprogress.com/business/ag-labor-processing-transportation-challenged-coronavirus

    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 Ag Policy
    Jul 13

    https://www.agriculture.com/legislation-introduced-to-spur-price-discovery-in-cattle-market

    Posted By Jerry Smith
    Jul 10

    https://agfax.com/2020/07/10/small-business-administration-reopened-for-paycheck-protection-loans-dtn/

    Posted By Ag Policy
    Jul 8

    https://www.farmprogress.com/usda/should-rfid-tags-be-industry-standard