Why Are End of Life Conversations Important?
You have 100% chance of dying, we all do. Having a discussion while you are able to communicate your wants, needs, and desires with those who might be asked to make those decisions is as important as establishing a succession ...
Read More Section 179 Tax Deduction
Section 179 Tax Deduction Why does a farm truck have to be so big? So that we can deduct it, that’s why. The new law changed depreciation limits for passenger vehicles placed in service after Dec. 31, 2017 The following ...
Read More The Wimpy Principle
The Wimpy Principle, I will gladly write off this equipment today and pay for it in the future. Wimpy from Popeye was always promising to pay later. IRS rules on depreciation may have a Wimpy fan writing them. In many ...
Read More Swimming in Deep water with Government Sharks
Too much, too little, and at the wrong time in any amount, water can fall into any of these categories. Ag operations need access to water as a basic input to their operations. In the Midwest, we are largely immune ...
Read More Medicare Planning and Farm Assets
Medicare Planning and Farm Assets The best bet to make sure that your farm assets are passed to the next generation and you are able to meet your medical needs as you age is to buy a crystal ball and ...
Read More Ag Under Attack in the Courts. Nothing New Here to See or Smell.
Once again, litigants are attacking production agriculture in North Carolina. Large verdicts have returned against Smithfield Foods, a large pork integrator that places its owned animals on custom feed floors. The latest trend is not to sue the actual ...
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