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6 May 2020
It is fairly common for farmers to separate the farming operation from the land. This is referred to as self-rental.Two court cases, McNamara and Martin, have said that an agricultural taxpayer who rents land to an entity in which they martially participate in should be able to exclude self-rental income from self-employment tax. There are a few ca...
5 May 2020
Needless to say, the last six to seven weeks have been difficult. The COVID-19 pandemic has completed changed how most people live their lives.Most businesses are closed, people and kids are working/learning from home and even churches are not having services. I have missed more church the last six weeks than I probably did the whole rest of my lif...
5 May 2020
In its weekly Crop Progress report on Monday, April 27, USDA NASS reported the average planted spring wheat acres at 14% for the week ended Sunday, April 26, versus the five-year average of 29%. South Dakota was at 36% versus their five-year average of 51%, North Dakota was at 5% versus their average of 18% and Minnesota was at 6% versus their aver...
5 May 2020
GLENWOOD, Iowa (DTN) -- Dairy Farmers of America over the weekend announced it had finalized the purchase of a substantial portion of dairy assets from former competitor Dean Foods Co.The announcement comes after a settlement Friday involving the U.S. Department of Justice, along with two state attorneys general, to block the sale of three dairy pr...
5 May 2020
OMAHA (DTN) -- Farmers who have been waiting for the Small Business Administration to open up more loan funding need to take action quickly to get their loans in line.SBA on Monday announced it would open Emergency Economic Injury Disaster Loan (EIDL) programs for farmers. SBA will essentially "reopen" the loan portal for those EIDL loans, the agen...