Agribusiness Blog

NOVEMBER 29, 2021

The 2021 corn and soybean crop has likely been the most profitable crop for these farmers since at least 2013. With 2022 prices remaining strong, many might assume that the 2022 crop will be just as good. However, just like everything else, there appears to be strong inflation in crop inputs for 2022. My friend Chris Barron of Agview Solutions does a lot of consulting with corn and soybean farmers (along with other crops) across the corn belt.

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RR2CS

NOVEMBER 23, 2021

Agricultural producers who move fence and livestock daily or every few days during the growing season have talked about the benefits of adaptive multi-paddock (AMP) grazing, sometimes called rotational grazing, for soil health, plant diversity and their livestock for quite some time now. But did you know that AMP grazing can also improve water infiltration in your soil?

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The Lunatic Farmer

NOVEMBER 15, 2021

My last post garnered the comment that this new constitutional amendment in Maine does not guarantee food commerce; the language speaks more to personal production and consumption. The way I understand the legal framing of it, though, it IS about commerce because it uses the terms that give people legal standing. You cannot sue for redress of a right you don't have.

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Caff

NOVEMBER 29, 2021

Las plantillas gratuitas del plan de seguridad alimentaria de CAFF para pequeños agricultores ya están disponibles en español. Las plantillas pueden ser utilizadas por los agricultores que necesitan cumplir con la Ley federal de Modernización de la Seguridad Alimentaria (FSMA) y aquellos que buscan implementar y rastrear Buenas Prácticas Agrícolas (GAPs).

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RR2CS

NOVEMBER 18, 2021

Rotational Grazing, Multi-Species Cropping, Relay Cropping, and the Future of Digital Collars for Cattle. By Trina Moyles Tim Wray grew up on his family’s cattle ranch in Irricana, a small town located 50 kilometres northeast of Calgary in southern Alberta. As a child, he always dreamed of following in his parent’s footsteps and one day becoming a farmer, but first he pursued post-secondary education and later studied at a seminary to become a pastor.

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Agribusiness Blog

NOVEMBER 17, 2021

Most of us know that Congress limited the state and local tax deduction (SALT) to $10,000 starting in 2018. Certain House and Senate members from high tax states such as New Jersey, New York and California have complained about this. Also, many of these states have enacted certain workarounds for pass-through entities that would allow a state income tax deduction at the entity level.

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Agribusiness Blog

NOVEMBER 16, 2021

I have been teaching tax update classes the last couple of weeks and one of the questions still left unanswered is whether taxpayers who reimburse employees for meals using a per diem qualify for the 100% restaurant meals deduction or whether it is still a 50% meal deduction. During these sessions I surmised that it was likely a 50% meals deduction unless the employee provided some type of evidence that they obtained a meal from a restaurant.

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The Lunatic Farmer

NOVEMBER 12, 2021

A ballot initiative you may not have heard about in Maine late Tuesday created unprecedented freedom for voluntary food commerce. This first-of-its kind constitutional amendment does what the U.S. Bill of Rights failed to do: guarantee citizens the right to choose their food. The measure added language to the state constitution providing that individuals have a “ natural, inherent, and unalienable right to food, including the right to save and exchange seeds and the right to grow, raise, harvest

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Agribusiness Blog

NOVEMBER 10, 2021

I taped a podcast yesterday with Dave Specht who is the director of Global Family Business Institute at The Drucker School of Management and perhaps more importantly lives in Basin City, Washington (I will let you look it up on a map). During that podcast (which will be available in the next week or so), we discussed what makes a good family farm transition and he mentioned the three C’s that are needed as follows: Contingency planning – Has the family determined what would happen if

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Agribusiness Blog

NOVEMBER 4, 2021

Now that the proposal to eliminate valuation discounts for gift and estate tax valuations were removed from the Build Back Better Act, at least for now, you may be wondering what all the fuss was about. Transferring valuable assets to the next generation while minimizing tax ramifications is one of the goals of most estate planning. For farmers the most valuable asset included in the estate planning process is typically farmland.

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Agribusiness Blog

NOVEMBER 5, 2021

Just a note to let you know that when I uploaded yesterday’s blog post that the table showing the valuation example did not come over and I did not notice it until a reader sent me an email. I have updated the post and you can check it here.

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Agribusiness Blog

NOVEMBER 3, 2021

A new Build Back Better Act was released today. Several changes were provided in this new bill that may be of interest to farmers and other taxpayers. Likely there will be additional changes and based on the elections last night nationwide this may not even get enacted. After last week’s release, hardly any bad provisions remain in these bills regarding income or estate taxes.

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Agribusiness Blog

NOVEMBER 1, 2021

Many farmers are considering selling their land this year due to rapid appreciation in the value or to escape any possible capital gains tax increases. However, many of them also plan on deferring the gain into other real estate using a tax-deferred exchange under Section 1031. This is very easy if the only property sold is raw land with no buildings or land improvements such as tiling.

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Caff

NOVEMBER 29, 2021

CAFF’s free food safety plan templates for small farmers are now available in Spanish. The templates can be used by farmers that need to be in compliance with the federal Food Safety Modernization Act (FSMA) and those looking to implement and track Good Agricultural Practices (GAPs). Access over 40 Spanish templates by clicking this link. The post Food Safety Plan Templates in Spanish appeared first on Community Alliance with Family Farmers.

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Caff

NOVEMBER 11, 2021

Are you interested in implementing cover crops, compost, mulch, hedgerows and other Healthy Soils practices on your farm? The California Department of Food and Agriculture (CDFA) is offering 3 year grants to farmers to implement Healthy Soils Practices and we can help you apply! Payment Information: Farms can receive up to $100,000 to implement Healthy Soils practices Payment rates will reimburse practice implementation costs Up to 25% of total grant funds are eligible for early payment 1-on-1 t

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Caff

NOVEMBER 10, 2021

A resource developed by Community Alliance with Family Farmers (CAFF) and Community Health Improvement Partner’s (CHIP) Farm to Institution Center. Use controls at the bottom to flip pages, enter full screen, and more. The post The California School District Produce Procurement Guide appeared first on Community Alliance with Family Farmers.

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Caff

NOVEMBER 3, 2021

SHOW NOTES: Full Belly Farm website: [link] Full Belly Farm instagram: @full_belly_farm [link] FDA FSMA pdf of law: [link] Hotsy Hot Water Pressure Washer: [link] See page 133 of Martin’s Produce Supply’s online catalogue and call them to discuss further: [link] CAFF Food Safety Training Templates and many others: [link] CAFF’s 2018 Hedgerow Manual: [link] Wild Farm Alliance: [link] The post Full Belly Farm Podcast Episode appeared first on Community Alliance with Family Farmers.

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Caff

NOVEMBER 15, 2021

The post Supporting the Urban Foodbelt appeared first on Community Alliance with Family Farmers.

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Agribusiness Blog

NOVEMBER 8, 2021

The House has finally passed the transportation infrastructure bill and President Biden is likely to sign it soon. This bill provides money for “physical” infrastructure needs along with other pet projects of Congress members. However, there is also one key tax consideration buried in the bill that will be of concern to many farmers. Those farmers who qualify for the Employee Retention Credit (ERC) for the fourth quarter will no longer be allowed to claim the credit due to this bil

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