Agriculture Posts

Determining Nondeductible Costs of Providing Employee Parking

The Tax Cuts and Jobs Act eliminated employer business deductions for employee Qualified Transportation Fringe (QTF) benefit expenses paid or incurred after December 31, 2017. This includes the cost of providing parking to employees. A similar change now treats these costs as Unrelated Business Taxable Income for tax exempt employers. IRS Notice 2018-99 provides …

Farmer Resolutions for 2019

The new year gives farmers a chance to think about successful strategies from the previous year and what they can do to build on this success.
This article discusses resolutions for farmers as 2019 begins.
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https://www.agriculture.com/family/women-in-agriculture/new-years-resolutions

2019 Crops Impacted by the 2018 Farm Bill

The 2018 farm bill will take effect with 2019 crops, and there are many changes farmers should be aware of.
This article discusses the major points of the 2018 farm bill, including CRP growth and changes to P.L.C. reference prices.
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https://www.agriculture.com/news/business/10-things-to-know-about-the-2018-farm-bill

AI and Precision Agriculture

The agricultural industry is undergoing a major revolution, and incorporating artificial intelligence into everyday decisions is becoming a major trend for farmers.
This article discusses a new era of precision agriculture fueled by artificial intelligence.
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https://www.precisionag.com/systems-management/data/how-artificial-intelligence-is-driving-a-new-era-of-precision-agriculture/

Agriculture Planning For 2019

Although 2018 was a good season for farmers, the upcoming year may present more challenges.
This article discusses concerns such as low commodity prices, higher yields, and explains what farmers can do to prepare for 2019.
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https://www.agxplore.com/article/what-to-consider-now-when-planning-for-2019/?utm_source=AgDotComPaulsen&utm_medium=native&utm_campaign=2019LGAgXplore&utm_term=WhatToConsiderB&utm_content=SponsoredContent1

Rising Interest Rates For Farmers

Leaders of the National Agricultural Bankers Conference are urging farmers to get familiar with financial ratios as interest rates are expected to rise.
This article discusses the continued uncertainty of the agricultural economy.
To view this article, click the following link to access the original content.
https://www.agriculture.com/news/business/ag-bankers-sound-alarm-on-rising-interest-rates-for-farmers

New NAFTA Agreement Hurts Agriculture

American farmers will likely see a fall in exports if Mexico and Canada place tariffs on goods in retaliation to the proposed USMCA.
This article discusses the struggles American farmers are expecting as a new trade agreement is worked out.
To view this article, click the following link to access the original content.
https://www.agriculture.com/news/business/four-times-more-tariff-pain-than-financial-gain-in-new-nafta

Data and Agricultural Productivity

Governments will now be able to share and collect data in datasets that will be used for agricultural development.
This article discusses how data can help improve agricultural productivity.
To view this article, click the following link to access the original content.
http://www.thepoultrysite.com/poultrynews/40494/how-will-access-to-data-boost-agricultural-productivity/

Problems With Farm Labor

The agriculture industry has one of the lowest unemployment rates, and finding new sources of labor can be difficult.
This article explains why you may not be able to find farm labor, and tips for maximizing your outreach to find potential candidates.
To view this article, click the following link to access the original content.
https://www.agweb.com/article/cant-find-farm-labor-heres-why-naa-sara-schafer/