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How carryover 2023 crop on farm is impacting farmers’ outlook during 2024 harvest

Real Agriculture

It’s no secret that there was still 2023 crop on-farm at the end of July. Some of that old crop won’t have moved even as the calendar flips to September. I’m not sure that this is uncommon during cycles where the market is in decline over an extended period. For three years prior, the best. Read More

Carryover 290
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On the horizon: Late payments and carryover debt for farms

Western FarmPress

Before asking to restructure your debt, do a self analysis to see what caused the issue.

Carryover 116
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2024 Agricultural Commodity Prices and Market Outlook 

Trimble Agriculture

Lower agricultural commodity prices are contributing to a decline in net farm income in 2024. This, combined with higher input costs, fewer government payments, and rising interest rates, is leading to a drop in net farm income. In 2024, net farm income is predicted to follow a similar pattern of decline. per bushel in 2023/24.

Marketing 104
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Making Charitable Contributions Count (Part I)

Agribusiness Blog

Besides doing something good from a charitable perspective there were several overall benefits of this plan: * Client actually gets to use his charitable deduction this year *Client has a large deferred grain carryover, putting him in the 37% tax bracket. The fund does not designate a specific charity for donations.

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Update on Congress Tax Proposals

Agribusiness Blog

net investment income tax to all business income including self-rents paid by farm operations to its owners with income over $400,000+. Continue to make the excess business loss limitation rules permanent and change the carryover to be part of the excess business loss for the following year. Continue to apply the 3.8%

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Practicing Resurrection: Using Green Manures on a Small Semi-Urban Homestead

ATTRA

On the gate hangs an 18-inch-long pallet board with the words “Mad Farm” painted in green. Though I will invite a similar community on the farm next year, and they will be cousins of these plants, these will have passed once again into the soil, their essence to arise in next year’s tomatoes.

Manure 52
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Equipment Sale Trap

Agribusiness Blog

As farmers approach retirement their two biggest concerns are generally equipment sales and carryover grain. The mass sale of the farmer’s equipment line has become a hot topic again as of late.