December, 2021

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Every Entity Reports … Unless

Agribusiness Blog

It appears that our most recent post on entities being required to provide information to the government may not been as clear as intended (at least for some readers). The reality is all entities will be required to report this information to the government UNLESS you are considered to be a large operation (more than $5 million in gross receipts and more than 20 full-time employees).

Grain 52
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SCHOOL OPTIONS

The Lunatic Farmer

Yesterday I spent a delightful afternoon with the chief architects of a proposed Anglican sponsored all-boys boarding farm school about half an hour from our farm. We spent the afternoon looking at the 260-acre property on which they have a contract. I'm a fan of any educational alternative to government typical institutional schools but I found this outfit's idea especially warming.

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FarmQA on the Microsoft / Bayer Announcement

Farm QA

Several people on the internet have been speculating about what this will mean to the #AgTech industry. One school of thought seems to be that these two giants will produce a platform that will minimize much of the common code that many ag-specific software companies (like FarmQA) have to produce.

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Locally-Grown Food Won’t Get Stuck in the Suez Canal

Caff

In March of this year, an Empire State Building-sized cargo ship infamously lodged itself in the Suez Canal. But while the world watched as engineers scrambled to remove this gargantuan threat to a multi-billion dollar supply chain, CAFF was back home planting seeds for local resilience. As nearly 400 equally colossal boats panicked in queue behind that floating global bottleneck, our members throughout California were helping to push forward a bill that would invest $15 million in Community Foo

Food 52
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EP44 Farming at Kainai

RR2CS

Kainai First Nation members Cyrus and Roy Weasel Fat share their success story of farming and ranching on the Blood Reserve in southern Alberta. The father and son team discuss some of the challenges of farming on the reserve and how they built a successful small business and educational outlet for the community. Useful Links: Rural Routes to Climate Solutions Siksikaitsitapi Agriculture Project Want to learn more?

Farming 52
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Consuelo's Sweet Plantain Empanadas

Sustainable Harvest International

For years, SHI-Honduras field trainer Consuelo Hernández has been perfecting recipes to share with partnering farmers that use the diverse array of crops grown on their land, and now we’re thrilled to share one of her recipes with you! Consuelo’s sweet plantain empanadas are that delicious combination of sweet and salty, fried to a golden-brown perfection.

Crop 52
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Are You Ready to Report Your LLC (or any other entity) to Uncle Sam?

Agribusiness Blog

In an effort to crack down on money laundering and other illegal activities Congress passed the Corporate Transparency Act into law effective January 1, 2021. We finally got Proposed Regulations from the Financial Crimes Enforcement Network (FinCen) on December 7. It is likely that you will need to report all of your current business entities to the government in the near future.

Farming 52

More Trending

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[WEBINAR] Last minute guide to measuring internal communications

Thought Farmer

Every single day your colleagues are interacting with internal communications. They are reading emails, commenting on intranet posts, and showing up to meetings. But what’s the result of all this? And how do employees truly feel about the state of internal communications in the workplace? If you can’t answer these questions you aren’t alone. Many internal communicators can’t.

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Why Do Farmers Join CAFF?

Caff

Hi there, Maybe you’re a farmers market regular committed to ensuring that everyone has access to healthy, local food. Or a climate change activist who knows that rich, thriving, carbon-sequestering soil is vital to the survival of our species. Or perhaps you’re a farmer, like the ones here below, seeking support, solidarity and a seat at the table when it comes to shaping the future of our food system.

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Agroforestry and Erosion Control January 27th, 2022

RR2CS

Agroforestry is agriculture incorporating the cultivation and conservation of trees. It has long been believed that trees, crops, and livestock can be grown together as a cohesive system to help improve the overall outputs of a farm. Evidence of agroforestry systems can even be seen as far back as the Middle Ages and can be found all across the globe from the Americas to Europe to Asia.

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Remember the ERC When You File Your Form 943

Agribusiness Blog

We have discussed several times the opportunity for farmers to claim the Employee Retention Credit (ERC) for wages paid during the first three quarters of 2021. In brief, you will qualify for the credit if your total gross receipts on a quarter-by-quarter basis in 2021 compared to the same quarter in 2019 are at least 20% lower. If you qualify for that quarter, you automatically qualify for the next quarter.

Pruning 52
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How Not To Do a Deferred Payment Contract

Agribusiness Blog

For every good deferred payment situation we see with farmers there always seems to be about five bad ones. We got the following from a reader of the blog: “Some of my clients tell me that they have deferred payment contracts set up ahead of the sale, but when they sell it, they don’t decide to take a check or put it in the deferred payment contract until a certain date in December, which the Elevator sets up.

Farming 52
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What is Constructive Receipt?

Agribusiness Blog

We had a reader reach out to us concerning farmer’s constructive receipt of grain sales. Here are his comments: “Please address the proper way to execute deferred payment contracts. I have several farm clients that will sell grain to an elevator, processor or other entity. The client does not inform the buyer at the time of the sale if they want a check immediately or if they want to defer the payment into the next year.

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Spot Market Hog Assistance

Agribusiness Blog

The USDA released the Spot Market Hog Pandemic Program (SMHPP) this week to provide additional funds for hog farmers who sold pigs on the spot market between April 16, 2020 and September 1, 2020. This assistance is only for hog producers who sold pigs on the spot market and not under a contract. The payment will be equal to $54 per pig times the number of eligible pigs not to exceed 10,000 pigs.

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Here They Go Again

Agribusiness Blog

In response to our blog post yesterday, we had a reader send in the following question: After looking at this and reading the actual language that is on the website, I think we may pass the income test. It specifically says the average for the 2016, 2017, and 2018 years has to be under the $900,000 – that is the 2020 FORM. We did qualify for that I believe.

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Will You Be Able to Deduct Prepaid Farm Expenses?

Agribusiness Blog

Many farmers will purchase farm inputs such as fertilizer, chemicals, seed, etc. before the end of the year even though the dealer has not delivered these products to the farmer. We call these items prepaid farm expenses. The tax rules are very specific on how to handle these costs. First, the invoice must be for a specific item, price per quantity and then an extension of the final price for each item purchased.

Farming 52
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BIOS Field day River Garden Farms

Caff

The Community Alliance with Family Farmers (CAFF) hosted our second Biologically Integrated Orchard Systems (BIOS) field day at River Garden Farms on November 30th, 2021 titled “Cover Cropping, Sanitation and Mating Disruption in Walnuts.” People came from all over Northern California to learn about the work being done in walnut orchards, many returning after the first BIOS field day.

Orchard 52
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An Update on Not Owning Farmland in an IRA

Agribusiness Blog

Yesterday we did a post on why it is not good to own farmland in an IRA. A couple of readers provided some additional guidance that we should mention. Any income inside of an IRA is considered to be ordinary income when the distribution is made to the owner. Farmland sold outside of an IRA will qualify for capital gain treatment if held at least an year before it is sold.

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No-Till News: An Update on CAFF’s Biointensive No-Till Project 

Caff

Since 2017, CAFF’s Ecological Farming team has been conducting an on-farm demonstration project in collaboration with California no-till farmers to better understand small-scale biointensive no-till farming’s effect on soil health. Biointensive no-till farming systems endeavor to maximize on-farm biodiversity, minimize disturbance, maximize crop density, and sequester soil carbon.

Ecology 52
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Why Owning Farmland in an IRA Might Not be a Good Idea

Agribusiness Blog

We seem to get questions several times a year from farmers asking if they can own farmland in an IRA. The technical answer is yes, you can, but the more important practical answer is you should not own farmland in an IRA. Most farmers who want to buy land in an IRA or retirement account also want to farm the land. Also, in many situations they would like to borrow part of the money to purchase the land.

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Finally, Guidance on Paying Back 4th Quarter ERC

Agribusiness Blog

We have posted many times on the Employee Retention Credit (ERC) and most everyone knows that the ERC is no longer allowed for almost all farm operations for wages paid after September 30, 2021. However, this new rule did not go into effect until about November 15, 2021 and many farmers might have requested an advance of the ERC on Form 7200 or reduced their payroll taxes by the estimated amount of the ERC in the fourth quarter.

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How Much is My Spousal Benefit?

Agribusiness Blog

Many farmers are approaching retirement and will start collecting social security. However, many farm couples have one primary earner and the spouse may not have any or very little social security benefits of their own. In this case, this spouse is allowed to get up to 50% of the primary spouse’s benefit, however, it may not equal this amount if the spouse retires early.

Farming 52
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EP43 Regen Co-ops

RR2CS

Co-operatives have a long history in Alberta of getting the job done. We ask Rod Olson of YYC Growers if co-ops can assist in advancing regenerative agriculture in the province. Want to learn more? Our Farmer’s Blog is a great go-to source for stories of producers in Alberta who are going the extra mile with their management practices for the land, food and their communities.

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CAFF Media Release Form

Caff

Loading… The post CAFF Media Release Form appeared first on Community Alliance with Family Farmers.

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Community Animator

RR2CS

Rural Routes to Climate Solutions (RR2CS) is an Alberta-based initiative shining a spotlight on the climate solutions that farmers, ranchers and communities in rural Alberta can benefit from. RR2CS is happy to announce that we are seeking a Community Animator to join our great team of community organizers, facilitators and communications specialists.

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From Urban to Rural Agriculture — Reclaim Organics, Leduc County

RR2CS

Ryan Mason transitions a successful urban farm operation back to his rural roots in Pigeon Lake, Alberta. He shares more about the challenges and rewards of scaling-up into a rural farm, and how his passionate team of young agrarians are farming with the climate in mind By Trina Moyles Ryan Mason, owner of Reclaim Organics , a certified organic vegetable and herb farm in Leduc County, spent most of his twenties traveling the world studying agriculture and food systems.