Agribusiness Blog

DECEMBER 31, 2021

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).

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Grain Farming Farming 52

The Lunatic Farmer

DECEMBER 30, 2021

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.

Construction 52

Construction Food Farming Farming 52

Farm QA

DECEMBER 29, 2021

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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Agribusiness Blog

DECEMBER 29, 2021

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

Farming Farming 52

Agribusiness Blog

DECEMBER 27, 2021

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.

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Pruning Orchard Harvester Harvesting 52