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Displaying 1851 - 1860 of 5023
Acreage
60.41109662.4161.2058764.31210 1312718 3340 373
Other Crops103 5615635
Alfalfa Hay104 … 278
Vegetables106
Truck Crops107
Fruits-Flowers-Trees108
Irrigated … Sorghum110
Soybeans111
Sunflowers112
Wheat113
Other Crops114
Alfalfa Hay115
Other …
February 9, 2022
Prices and Price Forecasts
changed in the fertilizer markets
to cause the price of fertilizers … price (relative to other crops) will shift more
acres to … easily throw
the fertilizer market into more turmoil. The EIA …
August 15, 2016
Breakout session presentations
Depreciation allowed or allowable• Fair Market Value (FMV)• Special use valuation on real estate (2032A elections)• … Basis reduction is $0 when the aggregate of the basis of the property held by the taxpayer immediately after the discharge did not exceed the aggregate of the liabilities of the taxpayer immediately after the discharge
Transactions that Create Tax Challenges:
Bunching of Income:
Betty Beans carries forward grain from 2015 to be sold in 2016. Betty cannot get credit to put in 2016 crop, her operation is shut down. She has no production expenses to offset carryover income. Betty will be subject to Federal, Self Employment, and possible State Taxes
Transactions that Create Tax Challenges:
Rapid Depreciation:Fred Farmer bought a grain drill in 2014 for $50,000. His KFMA Economist recommended regular depreciation, but Fred refused to pay anymore taxes than necessary, so section 179 was utilized and $50,000 was depreciated in 2014.
Fred decided to sell the drill in 2016 to pay some debt. He received $30,000 for the drill and his tax depreciation basis was $0. Taxable gain on the drill sale was $30,000 ($30,000 sale –basis $0). Fred will be liable for Federal and possible State Taxes.
Transactions that Create Tax Challenges:
Property turned over to lender (same as sold outright):
Jim decides to turn his planter back to CNH Capital since he can’t make the payments. He has a basis in his planter of $10,000. The FMV of the planter is $65,000 and he owes CNH Capital $90,000. CNH Capital is willing to take back the planter to satisfy the loan.
Jim’s Planter Turn back?
Recourse Debt
DEBT …
Acreage
52.39163453.44649200161
Other Crops103 43317243314
Alfalfa Hay104 … 66931376935
Vegetables106
Truck Crops107
Fruits-Flowers-Trees108
Irrigated … 56.7126760.4922334918
Other Crops114
Alfalfa Hay115
Other …
March 7, 2022
Risk and Profit Online Mini-Conference Presentations
Russian Conflict Ramifications
• Crop Trade Effects• Major dis … Major disruptions in the World Wheat Market• Significant disruptions … Significant disruptions in the World Corn Market• Smaller direct disruptio …
September 1, 2022
2022 Ag Lenders Conference Presentations
Cost of doing business in a competitive market• With 3rd party, loan is often guaranteed by the supplier• … than any single bank in northeast US
New findings: market share
• Nontraditional real estate lenders hold over 1/3 of Farmer Mac’s Farm and Ranch portfolio, following substantial growth since 2013 (Lyons and Takach 2022)• …
Farm Type
Crop Non-Irrigated 128 Farms
11831173
Harv … Farms
11831173
Harv
Acre
Crop
AcreCrop
Total
Livestock
TotalTotal … 22,426 19.13 18.95
8,2688,268Crop Mach Repair 8,268 7.05 6.99
278278Irrigation …
Detailed Cost-Farm Type
Crop Non-Irrigated 128 Farms
11831173
Harv … Farms
11831173
Harv
Acre
Crop
AcreCrop
Total
Livestock
TotalTotal … 22,426 19.13 18.95
8,2688,268Crop Mach Repair 8,268 7.05 6.99
278278Irrigation …
2020 Risk and Profit Conference Presentations
Repayment Capacity
Shifting crop mix
The Lenders Perspective
Agricultural …
Farm Type
ck-Ranch Cow Herd (11 Farms)Crop Non-Irrigated (304 Farms)
Income … Forage15 15,61123,242
Other Crop16 3,4457,853
Government … 3,4457,853
Government Payments17 4,75923,280
Crop Insurance Proceeds18 5,591144,270
Machine …