Business Title: DirigoAg, LLC
Job Title: Farmer, Other Ag Professional, Agricultural Historian
Interests:
Vegetables, Cover Crops, Ag Policy, Precision Agriculture, Organic Row Crops, Irrigation, Timber, Marketing, Agribusiness, Wheat, Soil Health, Sustainable Agriculture, Ag Commentary, Accounting and Bookkeeping, Operating a Farm, Taxes, Farm Management, Conservation Plans, Hemp, Organic Specialty Crops, Orchard Crops, Tree Nuts, Hunting, Homesteading, Soil Water
Job Title: Farmer's Spouse or Family Member
Interests:
Apps, Ag Commentary, Marketing, News, Ag Policy, Taxes, Farm Management, Agribusiness, Purchasing, Conservation Easements, Cover Crops, Conservation Plans, NRCS, Organic Specialty Crops, Homesteading, Timber
Job Title: Farmer
Interests:
Corn, Cotton, Sorghum, Soybeans, Wheat, Crop Protection, Crop Scouting, Fertility, Irrigation, Soil Health, Sustainable Agriculture, Apps, Precision Agriculture, Telemetry, Ag Commentary, Marketing, News, Accounting and Bookkeeping, Ag Policy, Agribusiness, Farm Management, Farmland and Real Estate, Human Resources, Operating a Farm, Succession Planning, Taxes, Projects, Purchasing, Repair, Shops, Tools, Cover Crops, Hemp
Job Title: Farmer, Farm Manager or Employee
Interests:
Corn, Crop Protection, Fertility, Irrigation, Soil Health, Sustainable Agriculture, Apps, Precision Agriculture, Agribusiness, Farm Management, Farmland and Real Estate, Operating a Farm, Taxes, Purchasing, Repair, Vegetables
Job Title: Farmer
Interests:
Corn, Soybeans, Wheat, Fertility, Soil Health, Sustainable Agriculture, Ag Commentary, Operating a Farm, Taxes, Repair, Tools, Cover Crops
Business Title: Farm Flight
Job Title: Other Ag Professional, CEO
About: Hi! I am a partner at Farm Flight LLC. Our goal as a company is to make high-resolution and consistent imagery available to anyone who wants it. With the use of drones, we are able to highlight and quantify important data points at affordable and consistent rates, saving you time and money.
Interests:
Corn, Cotton, Peanuts, Soybeans, Wheat, Vegetables, Rice, Canola, Sorghum, Cover Crops, Ag Policy, Precision Agriculture, Organic Row Crops, Irrigation, Marketing, Agribusiness, Apps, Telemetry, Ag Commentary, News, Accounting and Bookkeeping, Farm Management, Farmland and Real Estate, Human Resources, Operating a Farm, Succession Planning, Taxes, Projects, Purchasing, Repair, Shops, Tools, Conservation Easements, Conservation Plans, NRCS, Hemp, Orchard Crops, Organic Specialty Crops, Tree Nuts, Fishing, Homesteading, Horses, Hunting, Timber, Tobacco
Business Title: Main Street United Methodist Ch
Job Title: Other Ag Professional, Farm Business Consultant
Interests:
Corn, Cotton, Peanuts, Sorghum, Soybeans, Wheat, Beef, Poultry, Swine, Ag Commentary, Marketing, News, Accounting and Bookkeeping, Ag Policy, Agribusiness, Farm Management, Farmland and Real Estate, Human Resources, Operating a Farm, Succession Planning, Taxes, Purchasing, Repair, Organic Specialty Crops, Vegetables, Fishing, Hunting, Timber
Job Title: Farmer
Interests:
Corn, Cotton, Peanuts, Sorghum, Soybeans, Wheat, Crop Protection, Crop Scouting, Fertility, Irrigation, Soil Health, Sustainable Agriculture, Apps, Precision Agriculture, Telemetry, Ag Commentary, Marketing, News, Accounting and Bookkeeping, Ag Policy, Agribusiness, Farm Management, Farmland and Real Estate, Human Resources, Operating a Farm, Succession Planning, Taxes, Projects, Purchasing, Repair, Shops, Tools, Conservation Easements, Conservation Plans, Cover Crops, NRCS, Vegetables, Fishing, Homesteading, Horses, Hunting, Timber
Job Title: Other Ag Professional, University Professor And Extension Specialist
Interests:
Corn, Wheat, Beef, Feed, Grass-Fed Livestock, Specialty Livestock, Crop Protection, Soil Health, Sustainable Agriculture, Ag Commentary, Marketing, News, Accounting and Bookkeeping, Ag Policy, Agribusiness, Farm Management, Farmland and Real Estate, Human Resources, Operating a Farm, Succession Planning, Taxes, Purchasing, Repair, Cover Crops, NRCS
Job Title: Farmer
Interests:
Homesteading, Hunting, Fishing, Cover Crops, NRCS, Conservation Plans, Conservation Easements, Projects, Repair, Tools, Purchasing, Shops, Accounting and Bookkeeping, Agribusiness, Farmland and Real Estate, Operating a Farm, Taxes, Ag Policy, Farm Management, Human Resources, Succession Planning, Marketing, News, Apps, Precision Agriculture, Irrigation, Sustainable Agriculture, Fertility, Crop Protection, Soil Health, Crop Scouting
Business Title: DirigoAg, LLC
Job Title: Farmer, Other Ag Professional, Agricultural Historian
Interests:
Vegetables, Cover Crops, Ag Policy, Precision Agriculture, Organic Row Crops, Irrigation, Timber, Marketing, Agribusiness, Wheat, Soil Health, Sustainable Agriculture, Ag Commentary, Accounting and Bookkeeping, Operating a Farm, Taxes, Farm Management, Conservation Plans, Hemp, Organic Specialty Crops, Orchard Crops, Tree Nuts, Hunting, Homesteading, Soil Water
Job Title: Farmer's Spouse or Family Member
Interests:
Apps, Ag Commentary, Marketing, News, Ag Policy, Taxes, Farm Management, Agribusiness, Purchasing, Conservation Easements, Cover Crops, Conservation Plans, NRCS, Organic Specialty Crops, Homesteading, Timber
Job Title: Farmer
Interests:
Corn, Cotton, Sorghum, Soybeans, Wheat, Crop Protection, Crop Scouting, Fertility, Irrigation, Soil Health, Sustainable Agriculture, Apps, Precision Agriculture, Telemetry, Ag Commentary, Marketing, News, Accounting and Bookkeeping, Ag Policy, Agribusiness, Farm Management, Farmland and Real Estate, Human Resources, Operating a Farm, Succession Planning, Taxes, Projects, Purchasing, Repair, Shops, Tools, Cover Crops, Hemp
Job Title: Farmer, Farm Manager or Employee
Interests:
Corn, Crop Protection, Fertility, Irrigation, Soil Health, Sustainable Agriculture, Apps, Precision Agriculture, Agribusiness, Farm Management, Farmland and Real Estate, Operating a Farm, Taxes, Purchasing, Repair, Vegetables
Job Title: Farmer
Interests:
Corn, Soybeans, Wheat, Fertility, Soil Health, Sustainable Agriculture, Ag Commentary, Operating a Farm, Taxes, Repair, Tools, Cover Crops
Business Title: Farm Flight
Job Title: Other Ag Professional, CEO
About: Hi! I am a partner at Farm Flight LLC. Our goal as a company is to make high-resolution and consistent imagery available to anyone who wants it. With the use of drones, we are able to highlight and quantify important data points at affordable and consistent rates, saving you time and money.
Interests:
Corn, Cotton, Peanuts, Soybeans, Wheat, Vegetables, Rice, Canola, Sorghum, Cover Crops, Ag Policy, Precision Agriculture, Organic Row Crops, Irrigation, Marketing, Agribusiness, Apps, Telemetry, Ag Commentary, News, Accounting and Bookkeeping, Farm Management, Farmland and Real Estate, Human Resources, Operating a Farm, Succession Planning, Taxes, Projects, Purchasing, Repair, Shops, Tools, Conservation Easements, Conservation Plans, NRCS, Hemp, Orchard Crops, Organic Specialty Crops, Tree Nuts, Fishing, Homesteading, Horses, Hunting, Timber, Tobacco
Business Title: Main Street United Methodist Ch
Job Title: Other Ag Professional, Farm Business Consultant
Interests:
Corn, Cotton, Peanuts, Sorghum, Soybeans, Wheat, Beef, Poultry, Swine, Ag Commentary, Marketing, News, Accounting and Bookkeeping, Ag Policy, Agribusiness, Farm Management, Farmland and Real Estate, Human Resources, Operating a Farm, Succession Planning, Taxes, Purchasing, Repair, Organic Specialty Crops, Vegetables, Fishing, Hunting, Timber
Job Title: Farmer
Interests:
Corn, Cotton, Peanuts, Sorghum, Soybeans, Wheat, Crop Protection, Crop Scouting, Fertility, Irrigation, Soil Health, Sustainable Agriculture, Apps, Precision Agriculture, Telemetry, Ag Commentary, Marketing, News, Accounting and Bookkeeping, Ag Policy, Agribusiness, Farm Management, Farmland and Real Estate, Human Resources, Operating a Farm, Succession Planning, Taxes, Projects, Purchasing, Repair, Shops, Tools, Conservation Easements, Conservation Plans, Cover Crops, NRCS, Vegetables, Fishing, Homesteading, Horses, Hunting, Timber
Job Title: Other Ag Professional, University Professor And Extension Specialist
Interests:
Corn, Wheat, Beef, Feed, Grass-Fed Livestock, Specialty Livestock, Crop Protection, Soil Health, Sustainable Agriculture, Ag Commentary, Marketing, News, Accounting and Bookkeeping, Ag Policy, Agribusiness, Farm Management, Farmland and Real Estate, Human Resources, Operating a Farm, Succession Planning, Taxes, Purchasing, Repair, Cover Crops, NRCS
Job Title: Farmer
Interests:
Homesteading, Hunting, Fishing, Cover Crops, NRCS, Conservation Plans, Conservation Easements, Projects, Repair, Tools, Purchasing, Shops, Accounting and Bookkeeping, Agribusiness, Farmland and Real Estate, Operating a Farm, Taxes, Ag Policy, Farm Management, Human Resources, Succession Planning, Marketing, News, Apps, Precision Agriculture, Irrigation, Sustainable Agriculture, Fertility, Crop Protection, Soil Health, Crop Scouting
Public
Here is a group for growers of specialty crops to come together.
Interest:
Orchard Crops, Organic Specialty Crops, Tree Nuts, Crop Protection, Crop Scouting, Fertility, Soil Health, Sustainable Agriculture, Precision Agriculture, Ag Commentary, Marketing, News, Accounting and Bookkeeping, Ag Policy, Agribusiness, Farm Management, Farmland and Real Estate, Human Resources, Operating a Farm, Succession Planning, Taxes
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. As much, farmers and others are able to utilize Internal Revenue Code (IRC) Section 1031 in order to defer tax upon the disposition of farmland and acquisition of a “like-kind” piece of property... IRC Section 1031 allows a taxpayer to defer (not avoid) capital gains taxes realized upon the disposition of a property if the taxpayer replaces the property with a “like-kind” asset of equal or higher value. In order for the taxpayer to defer taxes, they must identify the new property within forty-five days of the disposition closing date and close on the new “like-kind” property within 180 days of the disposition closing date...
Categories: Ag Policy, Agribusiness
By Tyler Davis
Updated Jun 20, 2020
For sole proprietors, there is not an employer paying a portion of these payroll taxes (Medicare, social security) on their behalf. While a sole proprietorship is simple to establish, the negatives are personal liability and additional employment taxes... LLCs are very flexible in how they allocate income to partners and in how they report and pay income taxes... Rather, the members of the LLC are liable for paying their share of the taxes of the entity... Because the Corporation is a separate person, the C-Corporation is liable for paying taxes on their income each year...
Categories: Ag Policy, Agribusiness
By Tyler Davis
Updated May 13, 2020
Many taxpayers are surprised to find out that the IRS taxes hobby income. We all have hobbies. Yours might be painting, making unique juices, or growing flowers. Hobbies are an activity, or “side hustle” that is done mostly for pleasure rather than to profit... Farm – Why is the difference important for taxes?Before we discuss how the IRS differentiates a hobby versus a business, it is important to understand the tax consequences of a hobby versus a true, bona fide farming business...
Categories: Ag Policy, Agribusiness
By Tyler Davis
Updated Aug 7, 2020
A common issue among landowners, both large and small, is vandalism occurring on the property. One of the most interesting stories regarding vandalism is a Florida farm-owner we know woke up in the middle of the night in the ’80s to the cartel landing a plane full of cocaine on his property without permission. In doing so, the plane ran over his fence & caused a ton of damage to the property... Depreciation of Replacement PropertyWhen a taxpayer receives compensation in excess of their basis in the property which has been stolen or destroyed, they can defer taxes by reinvesting the proceeds into a replacement property... When taxpayers purchase replacement property that far exceeds their basis in the damaged property, it might be advantageous to pay the taxes on the proceeds now to take a basis in the replacement property equal to the purchase price...
Categories: Ag Policy, Agribusiness
Published Aug 17, 2018
In 1611, William Aldred took his neighbor to court. Thomas Benton was being sued for “erecting a hogstye so near the house of the plaintiff that the air thereof was corrupted. ” In common language, the pigs stank, making it impossible for Aldred to enjoy his home which, in his words, had become “unbearable to live in. ” The courts sided with Aldred, saying the odor was “depriving him of his dignity” and therefore, a violation of his rights... We keep electing people who say they will reduce taxes to almost nothing and reduce regulations on businesses...
Categories: Swine
By Tyler Davis
Published Mar 15, 2020
This means the capital gain taxes on the sale of your farmland can be avoided... Most retirement savings accounts are tax-deferred, meaning, the taxes are paid when the funds are withdrawn... One of the driving factors for where people retire is state taxes... For many retirees, they cannot afford to pay state taxes on top of normal federal taxes... Further, the Tax Cuts & Jobs Act of 2017 (LINK) (aka “Tax Reform) reduced the amount of state taxes that are deductible on your federal tax return...
Categories: Ag Policy, Agribusiness
By Tyler Davis
Published Feb 12, 2020
The tax consequences of selling a farm or agribusiness should be at the top of the mind of every landowner... For the portion of the sale related to real estate and land, a farmer is allowed to do a Section 1031 exchange to defer paying taxes. Section 1031 allows a taxpayer to reinvest all of the proceeds in one or many properties and defer paying taxes on the gain... So, if you are an older farmer, a 1031 exchange can eliminate taxes on the sale of your farm if you reinvest the proceeds and hold the property until death. Additionally, taxpayers who inherit the property would also not have to pay taxes on the property involved in the 1031 exchange...
Categories: Ag Policy, Agribusiness
By Tyler Davis
Updated Oct 29, 2020
Most farmers and ranchers have a decent understanding of tax depreciation. When a business purchases assets, the business entity is allowed to write off the value of the asset purchased over the life of the asset. Land, however, is not depreciable as the value of the dirt & minerals does not decrease over time like the value of structures, barns, fences, etc... One of the main questions taxpayers ask after a major purchase is “how much can I write off for taxes?” The answer can be very simple – usually, farm buildings are depreciated over 20 years... Usually, taxpayers save more in taxes during the first half of an investment to justify the up-front cost of a cost segregation study...
Categories: Accounting and Bookkeeping, Agribusiness
By Tyler Davis
Published Sep 11, 2019
Farmers and Agribusiness Companies are granted certain tax breaks and industry-specific deductions from the IRS. The service understands both the complexities and constraints of farmers as well as their essential role in our nation's economy. I have listed out the top ten most important tax benefits, accounting methods, and tax deductions related to farmers... For example, if a severe drought makes the cost of food for livestock too expensive and the farmer's response is to sell off the livestock, then there is the potential ability to defer paying taxes on the gain recognized on the sale of those cattle... The second provision allows farmers who are in a federal weather-related disaster area to postpone taxes on excess sales of cattle or livestock for one year...
Categories: Ag Policy, Agribusiness
By Tyler Davis
Updated May 14, 2020
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. Farmers tend to think that tax planning opportunities are only available in high-income years or when they close on a big transaction (selling your property, selling a large amount of stock for a capital gain, etc). However, just as tax planning is essential in those situations, it is also critical to consider tax planning strategies during a down year... However, excess business losses carried forward cannot offset Farming income on Schedule F which is subject to self-employment taxes...
Categories: Ag Policy, Agribusiness
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