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October 14, 2011
Macro and Global Economic Perspectives
Increased supply
– U.S. crop production has increased … • Increased supply
– Crop production has increased … Billion dollars
Petroleum
Crop
Protectants
Feed
Source …
September 25, 2014
Commodity Program Papers
model covers all program crops, in all states and counties … the
Webinar will cover all crops in all states and all counties … pertaining to base acres of a crop please:
payments - pay only …
October 15, 2018
KFMA Newsletters
Articles in this issue of the KFMA Newsletter discuss income tax management in the new era of the Tax Cuts and Jobs Act
(TCJA) and ask you to consider how you make machinery management decisions for your operation. Decisions made
today, related to these and other areas of management, will impact your farm and your family’s future.
New tax legislation – articles addressing how to manage within these new rules
In one of these articles, Craig Althauser examines how tax management decisions look different with the TCJA in place
and considers the tax planning process in a time of lower income for many farms. Chelsea Fullerton and Amy Boline
provide an assessment of the new depreciation rules in the TCJA, exploring the many changes and complexity brought
about, including how machinery trades will affect taxable income much differently than what we have been used to.
Machinery and equipment costs
How do you make machinery related decisions on your operation? Do you understand your machinery costs and the
impact of machinery replacement decisions on your financial position? Travis Heiman discusses crop machinery
investment and …
August 14, 2014
Commodity Program Papers
Thanks for your time,
Wheat Crop Agent
DearCrop Agent,
It is very unlikely … is going to have a wheat crop failure, then sign up in … http://www.agmanager.info/events/risk_profit/2014/default.asp
or to register the link is at: http://commerce.cashnet.com/KSUAGECON …
March 20, 2015
Commodity Program Papers
If the farm’s 2015 wheat crop is hedged, forward contracted … hedged some of their 2016 crop too. Corn
futures trade … 2014 yield
from their APH crop insurance history on the …
August 12, 2014
Risk Management Strategies
eligible to purchase additional crop insurance coverage under … maintain or increase their basic crop insurance coverage before … coverage if they reduced their crop insurance coverage and shifted …
May 22, 2025
Crop Insurance Papers
endorsements) purchased for the 2024 crop. The attached maps show
actual … jifft@ksu.edu for an individual link to the 2024 SCO and ECO
payout … be used to estimate 2024 crop year individual indemnity …
August 1, 2019
Breakout Sessions
operations
• CCC payments must be linked to production of the commodities … programs (2020+) will be linked to production in some way
MMarket … rates:
• Grow the ‘wrong’ crops
• Have relatively low yields
• …
December 1, 2015
KFMA Newsletters
2
the grain to the charity, call the charity to make them aware of the gift and have the charitable organization sell the
grain. Simply calling the coop, and having the coop sell your grain in the name of the charity, will not work. You must
follow the two step process above to guarantee the proper documentation is provided for your records. Gifting grain to
charity avoids federal and state income tax (state income tax will come back at some point) and self‐employment tax.
The gift is not required to be reported on your income tax return. When you write a check to charity you have to
itemize your deductions to receive a tax benefit. The only deduction you receive by doing this comes from federal and
state income tax and only then if the total itemized deductions exceed the standard deduction amount. That amount in
2015 is $12,600 for married‐filing‐joint status and $6300 for single filing status; even then you don’t get a deduction
against self‐employment tax. Also for higher income taxpayers, the phase out of itemized deductions has returned
making it more difficult to receive a tax benefit. I should note that crop share landlord grain is not eligible for this
provision.
Deferred payment contracts a tool for planning after the year is over – A cash basis farmer has the unique ability to
defer income from the sale of raised inventory by the use of deferred sales contracts. Many, if not all of you, have used
these contracts, (some use them every year) to price the grain in the current year, sign a valid written deferred contract
and then collect the proceeds of the contract the following year. This essentially is an installment sales contract of
raised inventory. There is a provision in the IRS code under Section 453(d) (1) that allows a taxpayer to elect out of the
installment method. For example, if you had a $50,000 August 1, 2015 wheat sale that you deferred to January 2016
with a valid written deferred payment contract, you could decide in March 2016 to show that income in 2015 by simply
electing out of the installment sale method. To elect out you simply show the income in 2015 the year of sale, instead of
2016, the year you actually received the proceeds. This is a good “after the fact” planning tool should you have some
change after the year is completed that would cause you to want to increase your income in the prior year. Instead of
having one deferred 2015 grain contract for $250,000, you may want to have several deferred payment contracts in
smaller increments to allow for some planning “after the fact.” This could be of particular value should they raise the
Section 179 amount at the end of the year after tax planning has already occurred.
Depreciation – Section 179 is $25,000 for tax years beginning in 2015. Sec 179 is not allowed on purchases from a
related party. Section 179 is reduced if qualifying asset purchases exceed $200,000 for the year. There is no bonus
depreciation available to you. I do expect this to change before the end of 2015, but when and how are a guess are at
this point. Last year it took Congress until I believe December 19th to pass legislation making that adjustment. I
wouldn’t be surprised to see the same scenario play out again this year …
October 9, 2017
Crop Insurance Papers
1
Impact of Subsidy and Income Limits on Farm Size Measured at the
State, County, and Farm Level
Mykel Taylor (mtaylor@ksu.edu) and Art Barnaby (barnaby@ksu.edu)
Kansas State University Department of Agricultural Economics ‐ October 2017
The Trump administration is proposing crop insurance cuts, similar t …