The Lunatic Farmer
JULY 29, 2022
Suddenly I’m getting requests about whether or not to get an NRCS grant for farm development infrastructure. Yesterday a lady emailed me in a quandary because she pursued one of these grants for a hoophouse and now she’s embroiled in a zoning and building permitting problem with her local regulators. Entering the bureaucracy malaise normally doesn’t end well.
Agribusiness Blog
JULY 28, 2022
High commodity prices, extreme input costs, continued inflation in the used equipment market combined with supply chain issues on new equipment will again make planning for income tax an adventure this year. The traditional “levers” that can be pulled to manage farm incomes are, to say the least, a bit out of sorts. Expectation in the grain belt is that 2022 farms incomes will be extremely good, assuming inputs were bought “right” last fall.
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Caff
JULY 28, 2022
This week, the United States Department of Food and Agriculture announced California’s Local Food Purchase Assistance Cooperative Agreement (LFPA) at the Yolo Food Bank – a member of the California Association of Food Banks. Read USDA’s announcement here. As a grant recipient of this new program, California Association of Food Banks will be working in collaboration with the Community Alliance with Family Farmers and Fresh Approach to source, secure, and deliver locally grown produce prioritizing
iFarm
JULY 26, 2022
I’ve long espoused the skills needed for a successful entrepreneurial (farm or otherwise) business: financial acumen: you need to know your numbers and what they mean operational proficiencies: you need to be able to produce a high-quality product efficiently marketing expertise: you need to know your customers and how to communicate with them to buy your product.
The Lunatic Farmer
JULY 28, 2022
By now you know that Monsanto (Bayer Corp.) has been denied its appeal in the multi-billion dollar Roundup (glyphosate) damages case. It has set aside a massive war chest to pay out settlements all while keeping the product on the shelves. Most of us reading this blog get our news about these kinds of things from media friendly to the plaintiffs (the folks making allegations of health damages).
Agribusiness Blog
JULY 26, 2022
As farmers approach retirement, extra income taxes may be owed on the built-up grain holdings that they sell in their final year of farming without offsetting deductions. These deductions are incurred in the year of harvest while the grain sales usually occur in the year after harvest. One option to help reduce this tax is the use of a retirement plan such as a 401k.
Caff
JULY 28, 2022
Farmers face increasing fire frequency, size and severity due to several factors, including climate change, the spread of invasive grasses and by changing farming practices. If you live and farm in California, wildfire is not an “if” but a “when”. Make sure you are informed and that your family and farm are prepared prior to an event that requires you to evacuate.
Agriculture Informer brings together the best content for Agriculture professionals from the widest variety of industry thought leaders.
Caff
JULY 25, 2022
Summer is at its peak and all the farmers are working hard to harvest all the delicious veggies from their fields, like the three amazing farmers at Brisa Ranch. We had the pleasure to speak to Cole who took the time to answer a few questions for this month’s Membership Spotlight! We asked Cole why they decided to become CAFF members, and he said, “I find that for farming to become more viable, it is critical that farmers band together in a number of ways.
Agribusiness Blog
JULY 24, 2022
Farmers have various retirement accounts that they can use to help fund retirement. A SEP, 401(K) plan, profit sharing plans and related types allow a farmer to fully deduct the contributons and have tax-free deferral on the earnings. However, when the farmer takes funds out of the plan (or the heirs after death of the owner) tax will be owed on the distribution.
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