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Farming and agriculture is one industry that has not lost significance or importance through the decades. As the population continues to grow, the demands within the agricultural industry are only becoming more important. At FarmQA, we understand the importance that innovative and productive technologies have in agriculture. FarmQA provides nuts-n-bolts digital tools for agronomists and other agribusiness to optimize farming processes and cultivate more productivity.
This assessment outlines the farm to school program, summarizes procurement, menu and operational analysis, and highlights accomplishments and recommendations for increasing the impact of farm to school programs at TRUSDNS to maximize implementation, student experience and economic support of local farmers. The assessment focuses on procurement of local produce with an emphasis on small- to mid-scale family farms and was conducted by the Community Alliance with Family Farmers with support by TRU
When a farmer passes away with some unused lifetime exemption remaining, most surviving spouses should consider filing a Form 706 to elect portability. The election “ports” the remaining exemption amount over to the surviving spouse. The surviving spouse can either use this amount to make lifetime gifts or it is allowed to be used at their estate.
Norma Wolfchild of Kainai First Nation, Treaty 7, Southern Alberta. By Trina Moyles When Norma Wolfchild was growing up on Kainai First Nation, or the Blood Tribe Reservation, in southern Alberta, she always remembered being fascinated with her aunt’s husband’s garden. “I enjoyed watching him work in the garden and harvest what he grew,” recalls Wolfchild.
The last couple of weeks I’ve been working on a project that will pay no income in my lifetime, but I’ve found it extremely enjoyable and satisfying. One of the biggest problems in a cash-based society like ours is that we want to see a return on investment sooner rather than later. This need for speed in financial payback prejudices all our decisions; it keeps us on a treadmill of immediacy rather than long-term benefit.
I am doing a four-hour seminar this summer on estate tax planning for various CPA societies. This seminar will review the current estate tax planning options and then do a more thorough review of one option that may be of interest to farmers – a SLAT. We have blogged before on Spousal Limited Access Trusts, but this seminar will review how a SLAT works, why it can help save on estate taxes and other provisions that can be included with the SLAT to help achieve other goals of the farmer.
President Biden had proposed his Build Back Better Act last year that would raise at least $2 trillion of new taxes. That plan essentially died due to Senator Manchin and Senator Sinema. However, Senator Manchin was not opposed to some parts of the Act and it appears that we may end up with a slimmed down version of the Act and it may affect some farmers.
You know things are interesting when the front page of the Wall Street Journal carries a story about people cutting up whole chickens. Under a catchy headline “Consumers Are Giving Inflation The Bird—With A Whole Chicken,” the article explains how people are saving money buying whole chickens and cutting them up themselves in their own kitchens. I’ve been advocating this as a food-cost saving strategy for decades and now we’ve arrived, culturally, to where this advice finds listening ears.
You know things are interesting when the front page of the Wall Street Journal carries a story about people cutting up whole chickens. Under a catchy headline “Consumers Are Giving Inflation The Bird—With A Whole Chicken,” the article explains how people are saving money buying whole chickens and cutting them up themselves in their own kitchens. I’ve been advocating this as a food-cost saving strategy for decades and now we’ve arrived, culturally, to where this advice finds listening ears.
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