Sat.Jun 04, 2022 - Fri.Jun 10, 2022

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What is Farm Income for a C Corporation?

Agribusiness Blog

We had a reader ask the following question: “How do you compute non-farm income & expenses for Form 1120?” Adjusted gross income (AGI) for a C corporation is much easier to calculate than for other taxpayers. It is simply the total amount of taxable income reported on line 30 (total taxable income) plus line 19 (charitable contributions).

Farming 52
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Updated Ecommerce Report for the Small Farm

Caff

CAFF participates in the CSA Innovation Network who recently updated a report that breaks down how popular eCommerce platforms perform in comparison to one another, based on findings from national farmer surveys in 2020 and 2021. This report was refreshed with new information and farmer feedback to help you make an informed decision about which eCommerce platform is right for you.

Farming 52
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Jumpin' June!

The Gleaning Project of South Central PA

June is here to kick off Gleaning Season and the Summer time the right way! June begins Country Cooking Month This is a month that symbolizes more time with family on vacations, visiting relatives and friends and savoring some good old fashion time in the kitchen on making recipes we love! Here are some lists of recipes that will bring back the flavors and memories of the days you watched your family cook incredible meals together!

Food 52
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Farm Real Estate Loans Trend Up Slightly

Agribusiness Blog

The Kansas City Federal Reserve released their latest Ag Finance Update. The report contained four charts that we found interesting and we will review each one. Chart 1 shows the rate of change for farm loans outstanding at banks. During 2019-2021 farm loans showed a negative rate of change. An influx of MFP, PPP and CFAP likely resulted in this trend.

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FSMA Water Updates June 2022

Caff

Confused about FSMA Water Requirements? In 2011 President Obama signed into law the Food Safety Modernization Act ( FSMA ). The law updated our federal food safety requirements and for the first time created federal food safety requirements for produce farms. This law was partially created from the increase in foodborne illness outbreaks related to fresh produce.

Food 52
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Will California’s New Groundwater Rules Hurt Small-Scale Farms and Farmers of Color?

Caff

Annie Main has always known water, or the lack of it, loomed as the greatest threat to Good Humus , her 30-acre farm in rural northern California in an area known as Hungry Hollow. Located west of Sacramento at the base of hills that turn crisp and golden each summer, she and her husband, Jeff, have been growing organic apricots, vegetables, flowers, and herbs for nearly 40 years on land that relies on a well for irrigation.

Farming 52
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What Does 2020 or 2021 Mean?

Agribusiness Blog

We got the following questions from a reader: “Is it correct that for crop years 2020 and after that you can include wages and dividends from qualified farm corporations? If so, can these wages and dividends be included in only 2020 calculations of the three year average, or can you include them in the 2018 and 2019 part of the three year average?

Farming 52