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If I were to ask you to close your eyes and envision a typical workplace and describe it to me, chances are you would mention a desk, cubicle, and maybe even a water cooler. . Yes, this may resemble a typical office , but it doesn’t resemble a typical workplace. . Why? Because only 20% of workplaces in the world have office-based employees. . Wait, what?
As farmers approach retirement age, their income usually goes up and in some cases, the rise in income can be dramatic. This is usually due to all of the crop expenses being incurred during the year of harvest, but most of the crop being sold after that year. There are ways of mitigating this rise in income which has been a topic for other blog posts.
When Dr. Sina McCullough (my co-author on BEYOND LABELS ) and I conspired to bring together a group of unorthodox medical professionals for a gathering here at the farm two weekends ago, I had no idea the breadth, depth, and caliber of information we'd get. It sold out and many folks wanted to know if we would capture it on video. With Sina and I out on a limb financially, and risking something new, we didn't want to commit to a video capture because we didn't know if we could find someone willi
When it comes to the USDA’s #carbonsequestration programs, education is key. Dr. Al takes a look at the challenges that come with these new programs and considerations for growers and agronomists alike in this week’s blog.
Just as California begins recovering from a year of pandemic and devastating wildfires, the state is facing another disaster: severe drought and record-breaking high temperatures. Small farmers who scrambled to adapt and supply healthy, local food when the pandemic shuttered restaurants and dining halls are once again facing enormous challenges. Caiti Hachmyer of Red H Farm in South Sebastopol started a CSA in 2020 which helped her farm survive the pandemic but the heavy workload took its toll.
Every year on May 29th, Oak Apple Day, the people of Great Wishford, a village of about 250 inhabitants in the southern county of Wiltshire in England, reassert their rights… The post “Since Time Out of Mind.” Asserting Woodland Rights in an English Village appeared first on Rachel Laudan.
Ok, so I lied. There is no cute puppy. . I wrote that for the sole purpose of getting your attention on this blog post. . But before you stop reading and get angry for being deceived, I want to say that as the Senior Content Writer at ThoughtFarmer I empathize with anyone tasked with creating compelling intranet content. . Why? Because like me, intranet content writers have the responsibility of creating compelling content that gets read.
The IRS releases each year a data book that summarizes the amount of income, payroll, excise, estate and other taxes collected during the fiscal year ended September 30. They just release the latest Data Book for FYE September 30, 2020. The book has some interesting facts as follows: The IRS collected a total of $3.493 trillion of taxes which was the second highest total of all time.
The IRS releases each year a data book that summarizes the amount of income, payroll, excise, estate and other taxes collected during the fiscal year ended September 30. They just release the latest Data Book for FYE September 30, 2020. The book has some interesting facts as follows: The IRS collected a total of $3.493 trillion of taxes which was the second highest total of all time.
What's the right size for a food and beverage company? As anyone watching the news knows by now, Sunday a ransomware attack on the world's largest meat and poultry processor, JBS, closed 6 processing plants in the U.S. Cybersecurity company Recorded Future analyst Allan Liska says since May 2020 at least 40 food and beverage companies around the world have suffered ransomware attacks.
We have been hard at work since spring! Below are a few of the new features you will now see in FarmQA. Links to additional information or support articles are provided where available.
This week, CAFF was selected as a 2021 California Nonprofit of the Year by Senator Sydney Kamlager. We’re honored to join other inspiring nonprofits around the state recognized for their tremendous contributions to the communities they serve. “Thank you Senator Kamlager for recognizing CAFF and for your leadership in food & farming justice that centers and invests in historically underserved communities and farmers, particularly urban” said Paul Towers, CAFF’s Executive Director
Before we get to the post, I thought I would give you a weather update for our region. I live in the Southeast corner of Washington state and as I type this the current temperature is 106 which is cool for our region. It is 113 in the Tri-Cities right now. Our region is expected to see a high of at least 113 tomorrow, 118 on Tuesday , 116 on Wednesday and then it cools off to 107 by Sunday.
The Community Alliance with Family Farmers is calling on legislative leaders to support critical investments in California’s small and underserved farmers. CAFF is seeking legislative support for approximately $60 million in one-time investments aimed at addressing the urgent need to ensure the ongoing viability of California’s small farmers, particularly those who have been historically underserved, and who are striving to farm sustainably.
Just giving everyone a quick post that The Farm CPA Podcast is now on the Apple Podcast network. Remember to search for The Farm CPA not FarmCPA. There are 9 episodes on the network and we are trying to release one every Tuesday. We would appreciate you subscribing to the Podcast and leaving a review or let us know other topics you would like to see on the Podcast.
Cercospora leaf spot or CLS is the most destructive foliar disease of sugarbeet in North Dakota and Minnesota (NDSU Crop & Pest Report). The severity of CLS infestation can reduce tonnage, sugar concentration. In fact, growers have lost $200, $300 and even $400 dollars per acre to this scourge in the last three-four years.
Crop advisors and growers gain timely advice via advanced visualizations. For more information checkout the topics adding map layers and viewing map layers.
President Biden released his budget last week. As part of that process, he also released his revenue proposals to pay for the budget. This is commonly referred to as the “Green Book”. There will be substantial help for families with children that we have addressed in previous posts. This post will outline the major revenue proposals that will likely impact farmers (and other taxpayers) the most.
Many farmers obtain health insurance via the ACA marketplace. Under this system, the farmer may qualify for a premium tax credit that will reduce their net health insurance monthly premium amount. However, the farmer will need to reconcile this on their income tax return and if their adjusted gross income (AGI) is too high, they will have to pay all of the premium assistance back with their tax return and in many cases, this can easily exceed $15,000.
One of the provisions buried in President Biden’s green proposal from a couple of weeks ago seems to indicate that a distribution of appreciated property from a partnership will now become a taxable event. There is very little detail on this provision, but farm ownership planning would change dramatically if this happened. Under current laws, a distribution of appreciated property out of a partnership rarely results in any taxable gain.
Many farmers have structured their farm operation as an S corporation or manager managed LLC to save on Self-Employment taxes. About the only reason to have an S corporation is to reduce SE tax. The IRS has and will continue to challenge S corporation farmers for not paying enough compensation to their owners. Compensation does not result in any extra income tax but rather is subject to the combined 15.3% FICA and Medicare tax.
This morning I gave a 20 minute talk on President Biden’s tax proposals for the Washington Potato and Onion Association in Leavenworth, Washington before driving to Seattle to catch a flight to Cedar Rapids, Iowa. Tomorrow, I will be part of the team for the Farm Futures Ag Boot Camp. I think this is about my 7th year of being part of this program.
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