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Making Charitable Contributions Count (Part I)

Agribusiness Blog

Some producers just don’t want to donate grain and prefer cash…and sometimes so do their favorite charities. For instance, if the donor decides in year two that he wants to give $10,000 to his local Farm Bureau Foundation, that is fine. It’s a New Year and a new opportunity to start out right with tax planning for 2024.

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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.

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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.