Sat.Jan 15, 2022 - Fri.Jan 21, 2022

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Jumpin' January!

The Gleaning Project of South Central PA

Hello again Gleaners! Hopefully January’s cold weather hasn’t frozen your nose and toes too badly! We’re back again to celebrate the rest of January’s delicious food holidays with some recipes and more information about seasonal produce! National Pie day on January 23rd! View fullsize View fullsize View fullsize There doesn’t seem to be a better way to celebrate this day than with some incredible and semi-seasonal pastries to warm your heart and your home.

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Winners of the 2022 Small Farm Innovation Challenge

Caff

With community-scaled ingenuity at heart, the winners of this year’s Small Farm Innovation Challenge offer solutions for local agriculture. In its second year, the Challenge sought submissions from around the world for innovations that can help solve the unique challenges facing small farms and local food systems. First place winners for the Entrepreneurial track include, for the hardware category, the Hand-E , an ultra-minimalist, all-electric tractor by Curly’s Ag out of Australia; in the so

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The Trend in IRS AFRs

Agribusiness Blog

The IRS issues each month their applicable federal rates (AFRs). The AFR is the minimum amount of interest that either must be in a contract or if not, will be imputed by the tax rules. For example, assume the AFR is 1% and a son borrows $100,000 from mom and it is outstanding for a full year. If mom charges at least 1% on the note, then nothing needs to be imputed.

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2021 Inflation Analysis

Agribusiness Blog

Many income tax rates, exemptions, deductions, etc. are adjusted each year for inflation. The annual inflation numbers are based upon the year ended August 31. This gives the IRS enough time to determine the actual inflation number for the following year. Inflation has been fairly tame for the 20 years leading up to 2020. However, the pandemic has certainly changed this and the change has been dramatic.

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