A NEW FRONTIER- INCOME TAX FOR FARMERS & RANCHERS- TEN THINGS YOU MUST KNOW FOR 2021
by Bobby Medlin, CPA Bobby Medlin CPA is the founder of Bobby Medlin CPA Group, an organization committed to providing strategic tax, business, financial, and accounting services and advice to Agribusinesses and their owners. 2021 promises to be an interesting time in the agriculture tax world. In the last year or so, tax law changes […]
SPRING TO-DO CHECKLIST
To ensure you crop policy is ready for spring planting, please review the below checklist to make sure you are being properly protected this year. As a reminder, all changes must be made by March 15th. Have you reviewed your coverage levels for the upcoming year?__This includes your coverage per acre and bushel guarantee.__Do you […]
DOUBLE CROP EXPANSION
Earlier this summer the Biden administration, through USDA, expanded double crop coverage for soybeans and grain sorghum in response to shortages of wheat and other commodities caused by the war in Ukraine. Their hope is that farmers will plant wheat this fall and then follow that with soybeans next spring. This expansion includes all counties […]